Bridgeport’s Brookside Center shopping center sold for $46.5M

Newmark Group Inc. (Nasdaq: NMRK) has sold Brookside Center, a grocery-anchored shopping center located in the North End of Bridgeport, to Elmsford-based DLC Management for $46.5 million.

The 170,665-square-foot Brookside Center is 95% leased, with a 3-tenant roster anchored by Stop & Shop, Marshalls, Michaels and Petco. Newmark Managing Director Paul Penman of the firm”™s Boston Capital Markets Group”™s retail practice represented the seller and procured the buyer, and Newmark Co-Head of U.S. Capital Markets Robert Griffin and Managing Director Jon Martin provided additional support on the transaction.

“Brookside Center is exactly the type of asset that is currently attracting the most premier commercial real estate capital given its longstanding grocery store tenancy, strong sales, investment-grade credit and first-class physical real estate,” said Martin.