April 20, 2022
APRIL 10, 2022 – Joe Baranowski, TRUE CRE Vice President, recently brokered a deal for Family Dollar and Dollar Tree to open a combined 18,000 ft. store center at Savin Rock Plaza in West Haven, Connecticut. This deal creates the second “combination store” for Family Dollar and Dollar Tree, with the first Combo-store being located on Barnum Avenue in Stratford, CT.
The combination store format is specifically designed to have Dollar Tree occupying 20% of the space with dollar-priced items, where the balance of 80% will be dedicated to higher-priced, discount merchandise along with food, dairy, and frozen foods in the Family Dollar section. Mr. Baranowski represented Family Dollar and Dollar Tree in this transaction.
THE PROPERTY: 200-250 CAPTAIN THOMAS BOULEVARD | WEST HAVEN, CT
Commenting on the deal, Baranowski expressed, “The coming together of these two market leaders, Family Dollar and Dollar Tree, into one entity, is a great example of how combining the strengths and core offerings of each retailer, definitely meets the needs of more consumers in this market. In fact, this new format was clearly needed in this specific area of West Haven, where there is actually a lack of food-related options, while at the same time there is a large and growing residential population – so the combination concepts definitely meets a growing unmet need in the marketplace.”
To learn more about this deal or our other areas of expertise please contact, Joe Baranowski directly at 203.762.6174 or email him at firstname.lastname@example.org. Thank you.