Boston — A partnership between Wilder Cos. and TA Realty has acquired a portfolio of nine grocery-anchored shopping centers totaling 729,437 square feet for $390 million. Eight of the properties are located in Massachusetts, and one is located in Rhode Island. At the time of sale, the portfolio was 95 percent leased, with grocers such as Whole Foods Market, Shaw’s, Star Market and Dave’s Fresh Marketplace serving as anchor tenants. Robert Griffin, Geoffrey Millerd, Jonathan Martin, Paul Penman and Mathew Adler of Newmark represented the undisclosed seller and procured the buyer …
Hyannis and Falmouth, Mass. — Newmark has arranged the sale of two retail centers on Cape Cod for a combined total of $120 million. Dispositions include Southwind Plaza, a 258,110-square-foot, Home Depot-anchored shopping center in Hyannis; and Falmouth Landing, a 279,989-square-foot retail center anchored by Walmart in Falmouth. Southwind Plaza was fully leased at the time of sale to tenants including Whole Foods Market, Kohl’s, Bed Bath & Beyond and Ethan Allen. Additional tenants at Falmouth Landing include Shaw’s Supermarket, TJ Maxx, Michaels and HomeGoods. Robert Griffin, Geoffrey Millerd, Jonathan Martin …
Billerica, Mass. — PROCON has broken ground on the redevelopment of Billerica Mall on the northern outskirts of Boston. Development plans include the demolition of an 84,000-square-foot structure that was vacated by Kmart several years ago and the construction of a new 43,000-square-foot grocery store at that site. In addition, the development team, which is led by an entity doing business as F.B. Billerica Realty Investors LLC, will deliver 18,000 square feet of new restaurant space and upgrade the property’s signage, landscaping and utility systems. Lastly, the project team will …
Wellesley, Mass. — Linear Retail Properties has acquired two commercial properties in Wellesley, about 17 miles from Boston, for a combined price of $12.2 million. The first building spans 11,000 square feet of retail, office and residential space, while the second building comprises 6,000 square feet of retail space. Marilyn Santiago of SVN | Parsons Commercial Group represented the undisclosed seller in the transaction.
Wellesley, Mass. — Linear Retail Properties has acquired two buildings totaling 17,000 square feet in Wellesley, located 17 miles from Boston, for a combined price of $12.2 million. The two-story building at 25-35 Central St. houses 8,500 square feet of retail space that is leased to Footstock, Laurel Grove, Marika’s Salon, Skinscapes and Winston Flowers, as well as 2,500 square feet of residential space. The building at 53-61 Central St. spans 6,000 square feet of retail space that is leased to Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers and Wellesley …
Peabody, Mass. — Boutique fitness operator Gymja Warrior has signed a 11,345-square-foot retail lease at Route One Marketplace in Peabody, 23 miles from Boston. Other tenants at the fully leased center include Bradford Carpet One, Namco, Crossfit 128 and Mass Bay Hockey Center. Don Mace of KeyPoint Partners represented the undisclosed landlord in the lease negotiations.
Attleboro, Mass. — JLL Capital Markets has arranged the sale of a 115,650-square-foot, single-tenant retail property net-leased to BJ’s Wholesale Club in Attleboro, roughly 10 miles north of Providence. Nat Heald, Chris Angelone and Zach Nitsche of JLL Capital Markets represented the undisclosed seller in the transaction. BJ’s has operated at this location since the building was constructed in 2011.
Somerville, Mass. — Seven new retailers have plans to join the tenant lineup at Assembly Row, a mixed-use neighborhood that will feature a total of 635,000 square feet of retail and restaurant space in Somerville, about 3 miles from Boston. The following are expected to open this summer: LaserAway, a laser hair removal and aesthetic dermatology; Ten One Tea House, a retailer offering healthy Taiwanese tea drinks; Bond Vet, a pet wellness and urgent care clinic; An Nam, a Vietnamese grill; Tatte Bakery & Café; Civility Social House, a local …
Gloucester, Mass. — Marcus & Millichap has brokered the $13.4 million sale of Cape Ann Marketplace, a 102,977-square-foot shopping center in the coastal Massachusetts city of Gloucester. Shaw’s serves as the center’s anchor tenant. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller and sourced the buyer, both of which requested anonymity, in the transaction.
Saugus, Mass. — JLL has negotiated the $39.5 million sale of Saugus Plaza, a 165,800-square-foot shopping center in Saugus, roughly 11 miles north of Boston. The center was 97 percent leased at the time of sale to tenants including anchors Stop & Shop and Floor & Décor, Buffalo Wild Wings, North Shore Liquor and King Crab. Federal Realty Investment Trust sold the property to a partnership between The Grossman Cos. Inc. and North Colony Asset Management. Nat Heald, Chris Angelone and Zach Nitsche of JLL brokered the deal.