Premier Fairfield County retail asset anchored by Connecticut's top grocer trades

MORRISTOWN, N.J., Sept. 10, 2026 -  JLL Capital Markets announced today that it has arranged the sale of Main Ave Shopping Plaza, a 156,568-square-foot grocery-anchored shopping center located in Norwalk, Connecticut.

JLL represented the seller, The Prusik Group LLC, in the sale.

Main Avenue Shopping Plaza is strategically located at 380 Main Ave., just three miles from Interstate 95 at the intersection of US Route 7 and the Merritt Parkway. This prime location provides exceptional accessibility and visibility, with over 500 feet of frontage along Main Avenue, where more than 20,000 vehicles pass daily.

Norwalk is one of Fairfield County's most dynamic markets, with a population of 93,007 and strong demographic indicators. The three-mile trade area surrounding the property boasts 79,377 residents, 31,900 households with an average household income of $187,565 and a median home value of $606,144. More than half of residents aged 25 and older hold a bachelor's degree or higher.

The 100% leased shopping center was originally built in 1996 across 16.27 acres, with 550 parking spaces. The property is anchored by Stop & Shop, which operates one of its strongest-performing locations in the Northeast at this site. The 30-year tenant recently renovated its 71,878-square-foot store in 2022. Additional national tenants include Total Wine & More, which operates Connecticut's largest liquor store at this location, Hobby Lobby and Burger King.

The asset is backed by investment-grade credit, with Stop & Shop's lease guaranteed by parent company Ahold Delhaize, which carries a BBB+ rating from S&P. Stop & Shop dominates the Connecticut grocery market with 83 locations statewide, more than twice the store count of its nearest competitor.

JLL Capital Market's Sales and Advisory team was led by Senior Director J.B. Bruno and Senior Managing Directors Kevin O'Hearn and Jose Cruz.

"The sale of Main Avenue Shopping Plaza underscores the enduring appeal of grocery-anchored retail in supply-constrained, high-barrier-to-entry markets," Bruno said.

O'Hearn added, "The combination of best-in-class national tenants, investment-grade credit backing, a fully leased property with nearly 10 years of weighted average lease term, and one of Fairfield County's strongest demographic profiles created exceptional investor demand for this asset."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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