Newtown shopping plaza sells for $3.75M

Highland Plaza, a 65,000-square-foot shopping center in Newtown, was sold for $3.75 million, according to Todd Payne, president of Goodfellow Real Estate in Danbury.

The three-building property at 123 S. Main St. includes retail, office and service tenants, said Bob Cascella, commercial advisor and broker at Goodfellow. Cascella represented both the seller, Highland HC LLC, and the buyer, Newtown Highland LLC, in the deal.

Russell Barton, a commercial real estate investor from Litchfield and a principal of Newtown Highland, LLC, said the partners “are excited about the opportunity to be part of the Newtown business community.”