Westport, CT, May 8, 2015 – Infinity Real Estate LLC, a wholly owned business unit of the Infinity Group, announced today the purchase of 535-561 Post Road East, which is a 1.9 acre parcel of land improved with a 19,000 SF Terrain Home & Garden Store, situated in the heart of the busiest commercial thoroughfare in Westport, Connecticut.
Terrain, which boasts a unique retail experience, fuses an outdoor garden center, an indoor nature-themed retail component and a dining café that serves breakfast, lunch and dinner. The store specializes in the sale of garden products, live plants, wellness products as well as landscape and design services. The restaurant and café serve a variety of gourmet farm to table offerings on a seasonal menu.
Terrain occupied the property beginning in 2012, after implementing an extensive, built to suit renovation program of the entire property. The store has since established an extremely impressive customer following in the local community and has served as a magnet for customers in neighboring areas that are attracted to the enjoyable retail experience offered by the luxurious indoor-outdoor environment and the frequent events and workshops hosted at the property.
Terrain is a subsidiary of Urban Outfitters (NASDAQ: URBN). The Westport location is one of the first two Terrain stores in the country, with the second location being in Glen Mills, Pennsylvania.
The acquisition of this prime retail asset is consistent with Infinity Real Estate’s focus on commercial properties in high barrier-to-entry markets that enjoy the physical characteristics and location attributes that will support national, credit-grade retailers for the foreseeable future. “Our purchase of the Post Road East property in Westport reinforces our commitment and desire to aggressively seek and pursue ‘best-in-class’ commercial properties that attract ‘best-in-class’ tenants, such as Terrain. We are thrilled to own such a high visibility building on the historic Post Road in the great Town of Westport.” said Steven J. Kassin, managing partner of Infinity Real Estate.
