Acton, Mass. — Marcus & Millichap’s Institutional Property Advisors (IPA) has brokered the $21 million sale of Brookside Shops, a 75,529-square-foot shopping center located in Acton, roughly 30 miles outside Boston. Trader Joe’s anchors the property. Jim Koury of IPA arranged the transaction on behalf of the undisclosed seller. Crosspoint Acquisitions acquired the center.
Boston — Ironside Realty has acquired a 3,300-square-foot single-tenant property located in downtown Boston. 7-Eleven occupies the property on a net-lease basis. A broker represented the undisclosed seller in the transaction, and Ironside was self-represented.
Boston — J. Safra Real Estate, an affiliate of international banking and investment firm Safra Group, has agreed to acquire the historic Faneuil Hall Marketplace in downtown Boston. Faneuil Hall traces its origins to 1742, when the site served as a meeting ground and a center of commerce for Boston residents and visitors. Today, the development is home to more than 80 individual businesses. The seller is Ashkenazy Acquisition Corp.
Boston — Lendlease has signed leases with three food-and-beverage concepts at Clippership Wharf, a mixed-use residential development situated on a seven acres in Boston. Italian restaurant Mida and barbecue concept The Smoke Shop both opened restaurants at the property this summer, occupying 2,900 and 4,000 square feet, respectively. Café Iterum also opened at the development in late 2021, leasing a 1,100-square-foot space and an additional 1,400-square-foot patio. The retail space at the property is now fully occupied.
Attleboro, Mass. — RK Centers has acquired Bristol Place, a 414,404-square-foot shopping center located in Attleboro. Moving forward, the property, which was 96 percent leased at the time of sale, will be rebranded as RK Bristol Place. Tenants at the center include Market Basket, The Home Depot, T.J. Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture and Party City. An affiliate of Unison Realty Partners sold the property for an undisclosed price. Nat Heald represented the seller in the transaction.
Marcus & Millichap Brokers $4.6 Million Sale of Retail Property Leased to CVS in Norton, Massachusetts
Norton, Mass. — Marcus & Millichap has brokered the $4.6 million sale of a 10,125-square-foot retail property in Norton, located in the southern part of The Bay State, that is net leased to CVS/pharmacy. The property was built on 1.5 acres in 2000. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
Pittsfield, Mass. — Horvath & Tremblay has negotiated the $6.3 million sale of Del Alba Plaza, a 72,119-square-foot shopping center in Pittsfield. A 61,935-square-foot Stop & Shop anchors the property, which also comprises a 2,000-square-foot fuel station and a three-tenant, 8,184-square-foot inline building. The center also features a pad site that can support the development of a 3,500-square-foot building. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented both the buyer and seller in the transaction.
Jacksonville, Fla. and Barnstable, Mass. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the $29.5 million sale of a 140,082-square-foot portfolio comprising three single-tenant retail properties. Two of the properties, a 122,358-square-foot store occupied by BJ’s Wholesale and a 7,974-square-foot building occupied by Napa Auto Parts, are located in Jacksonville, Florida. CVS/pharmacy occupies the third property, which totals 9,750 square feet in Barnstable, Massachusetts. Steven Siegel of IPA represented the undisclosed seller and secured the institutional buyer. Ryan Nee and Thomas Shihadeh are Marcus & Millichap’s brokers of record …
Needham, Mass. — Fantini & Gorga has secured $10 million in acquisition financing for a portfolio of four retail properties occupied by Walgreens. Three of the properties are located in Massachusetts, and the fourth is in New York. Casimir Groblewski and Colin Monahan of Fantini & Gorga arranged the debt through multiple banks on behalf of the borrower, Union Station LP, which acquired the portfolio in a 1031 exchange.
Walpole, Mass. — Wilder, in cooperation with an undisclosed partner, has acquired Walpole Mall, a 429,285-square-foot shopping center located in Walpole, roughly 30 miles outside Boston. Atlantic Capital Partners represented both the buyer and seller in the $72 million transaction. Tenants at the property include Kohl’s, Aldi, Barnes & Noble, Old Navy, Panera Bread, Aspen Dental, T-Mobile, PetSmart, X Golf, Five Guys, Wines and More and LA Fitness. Gary Robinson of Wilder will lead leasing efforts at the shopping center.