Two Waterbury retail buildings sell for $3M
Michael Puffer | Hartford Business Journal
104 Thomaston Ave., Waterbury.
Two attached retail buildings totaling 13,688 square feet on eight-tenths of an acre along the busy commercial artery of Thomaston Avenue recently sold for $3 million.
In a deal recorded by Waterbury Aug. 29, a limited liability company headed by Greenwich, Rhode Island real estate investor-developers Christopher Needham and Stephen Hardy sold two properties labeled 104 Thomaston Avenue to another LLC tracing back to Agree Realty Corp., a publicly traded real estate investment trust based in Bloomfield Hills, Michigan.
One of the 104 Thomaston Ave. properties hosts a 7,788-square-foot brick building on a half-acre. The building was completed in 1950. The second property is about a third of an acre and hosts a 5,900-square-foot building completed in 1970. Collectively, they host a Rent-A-Center and O’Reilly Auto Parts Store.
GREP Waterbury LLC, the company headed by Needham and Hardy, purchased the properties for $425,000 in August 2020 and subsequently performed renovations.
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