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Big Y World Class Market
Grocery-anchoredInvestment salesMassachusettsNews

Chozick Realty Facilitates $11.1 Million Sale of Shopping Center in Southbridge, Massachusetts

by Abby Cox

Southbridge, Mass. — Chozick Realty Inc. has facilitated the $11.1 million sale of Southbridge Fair, a 113,500-square-foot retail property located in Southbridge. Situated on 13 acres, Big Y World Class Market anchors the property. Originally built in 1972 and renovated in 1996, the shopping center was fully leased at the time of sale. Additional tenants at the property include Advance Auto Parts, Aubuchon Hardware, McDonald’s, Family Dollar and Great Clips. Tom Boyle of Chozick Realty represented the undisclosed seller and procured the buyer in the transaction.

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DevelopmentMassachusettsNews

Simon® Signs Two Leases with Dick’s Sporting Goods in Metro Boston

by Abby Cox

Braintree and Peabody, Mass. — Simon has signed new leases with Dick’s Sporting Goods at two of its properties in metro Boston. DICK’S House of Sport will be located within Northshore Mall in Peabody, roughly 20 miles outside Boston, and a Dick’s Sporting Goods store will open at South Shore Plaza in Braintree, approximately 15 miles outside Boston. Both stores are scheduled to open in 2026.

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Food-Hive
Company newsLeasingMassachusettsNews

Sodexo to Open 100 Food Hive Stores at College Campuses

by Abby Cox

Bethesda, Mass. — Food services provider Sodexo has announced plans to have roughly 100 Food Hive stores open at colleges and universities throughout the U.S. by 2026. Sodexo is currently underway on its previously announced plans to open approximately 30 campus stores during the 2024-2025 academic year. The Food Hive concept is designed as a cashless convenience store, with a focus on products from local, minority and women-owned businesses. Universities and colleges with open or planned Hive stores include Morehouse College, University of Illinois Chicago, Northern Arizona University, Texas Christian …

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Investment salesMassachusettsNews

CBRE Arranges $11.2 Million Sale of Shopping Center in Metro Boston

by Hayden Spiess

Woburn, Mass. — CBRE has arranged the $11.2 million sale of a Woburn Plaza, a 31,994-square-foot shopping center located in Woburn, on the northern outskirts of Boston. Tenants at the property include West Marine, Eastern Bank and Mattress Firm. Nat Heald, Kyle Juszczyszyn, Connor Scott and Jordana Roet of CBRE represented the seller, Linear Retail Properties, in the transaction. Chestnut Realty Management acquired the property. 

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Chelmsford-Mall_Chelmsford-Mass
Investment salesMassachusettsNews

Winstanley Enterprises, Surrey Equities Purchase Chelmsford Mall in Massachusetts for $28 Million 

by Hayden Spiess

Chelmsford, Mass. —Winstanley Enterprises and Surrey Equities have purchased Chelmsford Mall in Chelmsford for $28 million in an off-market transaction. The seller was the original developer. Tenants at the property, which was fully leased at the time of sale, include Kohl’s, Michaels, PetSmart, Staples, Famous Footwear, Carter’s and Best Fitness. The buyers plan to make immediate investments into the property, with upgrades including new exterior paint, parking lot improvements, new landscaping and signage upgrades. Winstanley Enterprises also owns Chelmsford Town Center, a 41,000 square-foot shopping center located in downtown Chelmsford. 

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Investment salesMassachusettsNews

Atlantic Capital Partners Arranges Sale of 79,299-Square-Foot Retail Property in Metro Boston

by Hayden Spiess

Malden, Mass. —Atlantic Capital Partners has arranged the $26.2 million sale of a single-tenant retail property located in the Boston suburb of Malden. Stop & Shop grocery store occupies the building, which totals 79,299 square feet and is situated with proximity to the Malden Center MBTA station. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the seller in the transaction and procured the buyer.  

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DevelopmentLeasingMassachusettsNews

Simon Completes 130,000-Square-Foot Redevelopment Project at Burlington Mall in Boston Suburb

by Hayden Spiess

Burlington, Mass. — Simon has completed a 130,000-square-foot redevelopment at Burlington Mall, a retail property located in the Boston suburb of Burlington. The project included the addition of an outdoor park with green space and amenities; elevated wood elements and porcelain tile finishes throughout the center; and new seating and signage. Almost 50 retailers and eateries were also added during the redevelopment. The park features 30,000 square feet of space dedicated to wellness, beauty and dining for concepts including Sweetgreen, Sweathouz, All Eye Care Doctors, SkinMD and Caffe Nero. New tenants …

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Company newsFinanceMassachusettsNewsOhio

Gordon Brothers Provides $150 Million Debtor-in-Possession Financing to Big Lots

by Hayden Spiess

Boston — Boston-based Gordon Brothers has provided a $150 million debtor-in-possession (DIP) loan to Big Lots Inc. The financing will support the Columbus, Ohio-based company’s going-concern sale and stalking horse bid as it continues Chapter 11 bankruptcy proceedings. Gordon Brothers previously provided a $200 million delayed draw term loan to Big Lots. “As the liquidation agent for the non-go-forward store closures, distribution centers and furniture, fixtures and equipment, we will continue to support the company during the sale process,” says Kyle Shonak, senior managing director, transaction team and head of North …

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Weastmeadow-Plaza_Westborough-Mass
Investment salesMassachusettsNews

Marcus & Millichap Brokers $4.8 Million Sale of Retail Center in Westborough, Massachusetts

by Hayden Spiess

Westborough, Mass. — Marcus & Millichap has brokered the $4.8 million sale of Westmeadow Plaza, a retail center located in Westborough, roughly 35 miles west of Boston. Tenants at the 27,867-square-foot property, which was fully leased at the time of sale, include Papa Gino’s, H&R Block, Westborough Dentistry and Spices of India. Evan Griffith, Tony Pepdjonovic and Brett Kilar of Marcus & Millichap represented the seller and procured the buyer in the transaction. 

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Spirit Christmas
Company newsConnecticutMassachusettsNew JerseyNew YorkNewsPennsylvania

Spirit Halloween to Open 10 Christmas Stores

by Hayden Spiess

Egg Harbor Township, N.J. — Spirit Halloween has announced plans to test a new, Christmas-themed concept with the opening of 10 stores. Spirit Christmas stores will feature décor, apparel, inflatables, gifts and stocking stuffers, as well as interactive elements including a life-sized gingerbread village. Scheduled to open beginning in November, the 10 test stores will be located at shopping centers in New Jersey, New York, Pennsylvania, Connecticut and Massachusetts. 

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