Value-Add Asset Anchored by Citibank
Stamford, Connecticut – June 25th, 2015– Cohen Equities a announced today that the company has purchased The Shops Under Target, a 16,000 square foot retail condominium anchored by Citibank, located at 7 Broad Street in Stamford Connecticut.
Cohen Equities was drawn to the strong demand drivers in the property’s immediate vicinity. The Stamford Amtrak train station is located a mile from the shops, which is a 45-minute train ride from NYC. The Shops Under Target are also located near some of the most significant recent developments such as Courtyard by Marriott, Trump Parc Residence and the University of Connecticut. Summer Street, one of the most desired restaurant rows in the area, is also nearby.
“Our goal is to reinvigorate the area with dining and lifestyle amenities to complement the transportation connectivity,” said Meir Cohen, Chairman and CEO of Cohen Equities.
About Cohen Equities
Cohen Equities is a national real estate investment firm that pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. The company has successfully invested in and improved more than 9 million square feet of real estate across the United States. Led by Meir Cohen, a real estate veteran with more than 30 years of experience, Cohen Equities creates significant value through active management, leasing and repositioning activities. For more about Cohen Equities, please visit cohenequities.com.