Shelton Strip Mall Reacquired By Original Owner For $9.5M: Report

SHELTON, CT — Crown Point Center, a multi-building, multi-tenant development on Bridgeport Avenue, has been reacquired by its original owner and builder, Crown Point Associates of Shelton LLC, an affiliate of Capital Investments of Shelton, for $9.5 million, the Connecticut Post reports.

According to the Connecticut Post, the property at 484, 494, 504 and 514 Bridgeport Avenue was previously sold for about $18 million in May 2007 by James Botti Jr., who built the site in 2003. The seller was Crown Point Center LLC, Joseph Rocco and Rocco Property Management of Bronx, N.Y.

Read the full story at the Connecticut Post.