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Lux Bond & Green Acquires Mystic Property for $2.95 Million, Plans 2026 Opening January 21, 2025 (0 comments)

Mystic, CT--Lux Bond & Green has purchased a $2.95 million property for a new store set to open in early 2026. The sale, recorded on Nov. 27, includes two attached retail buildings at 49-53 West Main Street, totaling 6,742 square feet, according to Hartford Business. The property, located in the Groton portion of Mystic, previously housed Bank Square Books, which relocated nearby.
The seller was a Greenwich-based LLC headed by Charles Royce and Annie Philbrick, the latter also owning Bank Square Books.
Lux Bond & Green, established 127 years ago in Waterbury, operates stores in Glastonbury, Westport, West Hartford, Mohegan Sun, and Wellesley, Massachusetts. The Mystic store marks its continued expansion across New England.
“[Mystic] is a wonderful community with a long history,” Lux Bond & Green marketing director Sarah Karp Ward said, as per the report. She described it as a strong tourist destination and a fitting addition to the company’s locations.
John Green, the fourth-generation head of the company, noted the area’s growth, pointing to new businesses and attractions. He said the company plans to collaborate with the local community to contribute to Mystic’s appeal.
The purchase was brokered by John J. Cafasso of Colliers, who represented Lux Bond & Green. Cafasso described the acquisition as a significant real estate investment and a step in the company’s regional growth, Hartford Business reported.
Learn more in this report by Hartford Business.