Starbucks Plaza In Monroe Sold

MONROE, CT — The Starbuck's plaza at 525 Main St. was sold to a real estate investor for $3.65 million.

The plaza is anchored by Starbucks and also includes M&T Bank and other local tenants. It was owned by Urstadt Biddle Properties since 2007.

"Although Monroe was a solid commercial real estate property, it did not meet our current investment objectives," said UBP President Willing Biddle in a statement. "Accordingly, we elected to sell it and plan on recycling the proceeds into properties which are more closely aligned with our current investment objectives.”