Three Bridgeport buildings bought by Time Equities for $21.7M

Time Equities is the new owner of three mixed-use properties in downtown Bridgeport, the Fairfield County Business Journal reported. The New York-based real estate firm purchased the trio of buildings, which comprise a total of around 100,000 square feet of space, from Ginsburg Development Companies for $21.7 million. The 11-story City Trust Building, the four-story Arcade Mall and the eight-story Golden Hill all house both residential and retail space, according to FBJ. Time Equities shelled out $7.9 million for the Bridgeport Innovation Center — its first property in Fairfield County — in November. HFF marketed the three Bridgeport buildings for Valhalla-based Ginsburg Development and brought in Time Equities as the buyer, the outlet reported. [FBJ]