February 14, 2025
SOLD – 6 TOWN FAIR TIRES ANCHORED SHOPPING CENTERS – CONNECTICUT AND RHODE ISLAND
J.H. Winokur, Inc. brokers the sale of a portfolio of six Town Fair Tire Anchored shopping centers located in Connecticut and Rhode Island. The portfolio totals 126,299 square feet and includes 248 West Main Street in Avon, Connecticut; 1326 Boston Post Road in Milford, Connecticut; 580 Main Avenue Norwalk, Connecticut; 994 North Colony Road in Wallingford, Connecticut; 61 Boston Post Road in Orange, Connecticut; and 1085 Bald Hill Road in Warwick, Rhode Island.
Each property is anchored by Town Fair Tire and guaranteed by Town Fair/Mavis Tires. The locations represent strategic, long-term locations for Town Fair Tires and all have longterm leases expiring in 2040. The sites benefit from high traffic and prime retail locations.
The company merged with Mavis Tires in 2020 and continue to have separate branding due to its strong market position. Town Fair’s 100 stores are packed into six states: Connecticut, Massachusetts, Rhode Island, New Hampshire, Maine and Vermont. While Mavis, through acquisitions in recent years, has grown into a network of 904 stores and is the nation’s second largest independent tire dealer. Its stores stretch from New York and New Jersey into the Southeast.
The New York based Purchaser, a real estate investment firm, plans to renovate several of the centers, which were 92 percent leased at the time of sale, with parking lot upgrades and exterior improvements.
Jeffrey Winokur and Jason Winokur of J.H. Winokur Inc. represented the seller, an estate, in the transaction. For more information contact Jeff Winokur.
