Wallingford CT. — The joint venture between Edward Kalikow of Kalikow Development Corp,. Barry Feldman of Feldco Development Corp. and Gene Beaudoin of Retail Development Corp. recently completed and opened Wallingford Fair, a 116,000 s/f shopping plaza. The shopping center is 96% leased. Roster of tenants includes anchor Shaw’s Supermarket. The announcement was made by Edward Kalikow, president of Kalikow Development Corp.

The partnership purchased the property in July 1997, beginning construction on the shopping plaza immediately thereafter. Wallingford Fair’s anchor tenants include the 65,000 s/f Shaw’s Supermarket, a 25,000 s/f Sears Paint and Hardware store and a 15,000 s/f Petco, the national chain of pet stores. Other tenants include a Hallmark Card Store, Which leased 5,800 s/f and negotiations are currently underway for 4,600 s/f of retail space which will bring occupancy up to 100%.

Wallingford Fair is located between New Haven and Hartford and situated on Rte. 5, a well-trafficked and major commercial thoroughfare.

Construction financing was arranged by People’s Bank of Hartford and permanent financing was arranged by Royal Indemnity Co. M&J Associates and Swain Retail Leasing Inc. acted as leasing agents for the shopping center. The general contractor for the shopping center was Gil Construction Co., and the architect on the project was Wax Ferraro & Associates.

In addition to Wallingford Fair Shopping Center, Kalikow Development Corp. and Feldco Development Corp. and Feldco Development Corp. have developed shopping centers throughout the Tri-state region including Expressway Plaza, a 94,000 s/f shopping center in Staten Island and Newington Fair, a 140,000 s/f shopping center in Newington.

April 16 – April 22, 1999 / Connecticut Real Estate Journal