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February 22, 2021

Cromwell’s Crossroads retail plaza to be auctioned

Photo | Contributed This Crowell plaza is schedule to be auctioned off next month, with a starting price of $2 million.
By Matt Pilon

A 57,000-square-foot retail plaza on Rte. 3 in Cromwell will be on the virtual auction block next month.

According to a recent listing by auctioneer Ten-X, online bidding for Crossroads of Cromwell will run from March 22 to March 24, with a starting bid price of $2 million.

Built in 1988, the nearly 15-acre plaza located at 34 Shunpike Road plaza is 80% occupied with 15 tenants, the largest of which include Restore-Habitat for Humanity, AAA, Benjamin Moore and The Paint Spot/Benjamin Moore.

The current owner of Crossroads is Greenwich-based Pilot Real Estate Group.

Philip Gagnon of Collier International is the seller’s broker.
 

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