KeyPoint Partners To Manage Another Asset For Grossman

Ansonia, CT Retail Center Added to Management Portfolio

BURLINGTON, MA (today) — KeyPoint Partners (KPP) managed property portfolio continues to grow with another new assignment from The Grossman Companies and Zelco Properties & Development. The firm will manage Ansonia Shopping Center, Ansonia, Connecticut, according to William Lawler, Partner & Director of Property & Asset Management at the Burlington firm. This assignment is in addition to the contracts for 37 properties in four states already awarded to KPP by Grossman.

Ansonia Shopping Center is a 181,000 square foot center comprised of two main buildings and three pads situated at 403-495 Main Street in Ansonia, close to the Ansonia Metro North Train Station and minutes from Route 8. Tenants at the center include newly signed tenants Key Food, Marshalls, and Home Goods (all coming soon), as well as Cutting Crew, Mattress Firm, and others. Grossman and Zelco purchased the center in May.

“We’re pleased to continue our relationship with the Grossman Companies on this high quality asset,” Lawler said. “They’ve recognized that our expertise and commitment to excellence make us a strong partner for their commercial real estate needs.” KPP’s management portfolio now totals over 22 million square feet across 325+ properties in 14 states.

Headquartered in Quincy, MA, The Grossman Companies (“TGCI”) is a family-owned real estate investment firm based in Quincy, Massachusetts. With local roots and New England marketplace expertise dating back more than 130 years, the TGCI platform focuses on acquisitions, private lending and asset management. TGCI owns and manages an extensive and diversified portfolio of commercial and residential properties. Additionally, First Boston Capital Partners, a wholly-owned TGCI affiliate and New England’s most active private lender, has originated more than $1.5 billion of acquisition, renovation and construction loans since 2012.

Zelco Properties & Development is a full service commercial real estate development company founded in 1993 and renamed in 2023 by Dan Zelson. Specializing in retail properties, mixed-use developments, and innovative leasing strategies, their vertically integrated platform identifies value creation and growth opportunities for all real estate product types.