Regency Purchases Compo Shopping Center in Westport, Connecticut for $45 Million

Westport, Conn. — Regency Centers has purchased Compo Shopping Center in Westport for $45 million. CVS/pharmacy anchors the center, which comprises two retail buildings. Dubbed Compo I and Compo II, the property’s buildings were 92 percent occupied at the time of sale. Totaling 76,368 square feet, the center will be joined with Regency’s adjacent retail center, Compo Acres. Together, the properties will form Compo Acres Shopping Center, which will total 120,000 square feet. Joanna R. Manfro of Matthews Real Estate Investment Services represented the undisclosed seller in the transaction.