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April 15, 2022

Avon’s Shops at Nod Brook sell for $22.3M

COSTAR Shops at Nod Brook, Avon

The Shops at Nod Brook, a roughly 100,000-square-foot retail plaza in Avon anchored by Marshalls, Michaels and The Fresh Market, recently sold for $22.3 million.

Nod Brook Owner LLC sold the center at 287 and 315 West Main St. to Nod Brook Investors LLC, in a deal recorded April 12, according to Avon land records.

Town assessing records do not list a property at 287 West Main St.  Records show a 21.8-acre property at 315 West Main St., with a 74,304-square-foot commercial building. Nod Brook has that building and another hosting the grocery store.

The buyer, Nod Brook Investors LLC, traces back to Paramount Realty Services Inc. of Lakewood, New Jersey, state business records show.

According to its website, Paramount is a full-service retail real estate company with more than 100 staff and a portfolio of more than 15 million square feet throughout the Northeast. Attempts to reach a Paramount representative were not immediately successful.

The selling entity, Nod Brook Owner LLC, is controlled by Boston-based Wilder Companies and Principal Real Estate Investors of Des Moines, Iowa, which purchased the property in 2016 for $29 million, property records show. 
 

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