841 Jones Hill Road
February 2020 – Jeremiah A. Houlihan of Houlihan-Parnes Properties has arranged the sale of the “Woodlawn Shopping Center”, a 31,150 square foot neighborhood shopping center consisting of ten (10) retail stores and four (4) apartments located at 841-867 Jones Hill Road in West Haven Connecticut. Also included in the sale was a 20,000 square foot vacant lot located across the street at 239 Platt Ave. The lot is used for additional customer parking. Located 1.5 miles from I-95, the major north-south thoroughfare in Connecticut, West Haven has a dense concentration of single-family homes, local businesses and commercial enterprises. The West Haven beach and shoreline is 0.5 miles south east of the Shopping center.
The property was sold to a family owned real estate holding and management company based in Yonkers for a sale price of $2,100,000. The sale completed a 1031 Tax Free Exchange for the Buyer.