Shopping Plaza Brings Out Of This World Price

Heritage Plaza in New Fairfield has been sold for $6.2 million to Heritage Acquisitions LLC. The selling price is double its appraised value. The 26,403-square-foot shopping center on Route 39 was fully leased with 14 tenants, including a preschool and animal hospital. The firm that brokered the sale cited strong demand for similar unanchored retail assets. The plaza was completely renovated in 2022, and is near other major retailers such as Stop & Shop and Starbucks. The sale is viewed as reflecting the competitive market for well-located, mixed-use properties in our area.