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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The Prusik Group LLC was formed in 2007 by S. Andrew Katz and Rohan Mehra and focuses on the development and repositioning of retail real estate assets throughout the East Coast. The Prusik Group’s founders have a combined 50 years of design, construction, and development experience ranging from single tenant installations to major urban development sites. The Prusik Group prides itself on maintaining unparalleled relationships with its retail tenants. Through the development and repositioning of more than 3.0 million SF of retail, office, and residential projects, the founders have established and continue to foster excellent relationships across the industry and throughout the communities with which they have worked. For more information, please visit www.prusikgroup.com.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.