Seekonk, Mass. — Atlantic Capital Partners, a division of Atlantic Retail, has arranged the sale of Ann & Hope Plaza, a 107,597-square-foot shopping center located in Seekonk, roughly six miles southeast of Providence. Harbor Freight Tools, Petco and Bed Bath & Beyond anchor the center, which was 86 percent leased at the time of sale, though Bed Bath & Beyond plans to shutter this store as part of a larger wave of closures. Justin Smith, Chris Peterson, Sam Koonce, Cole Van Gelder and Ben Starr of Atlantic Capital Partners represented …
Cambridge, Mass. — Benderson Development has purchased a 53,400-square-foot retail center located at 340 River St. in Cambridge. Anchored by a 40,000-square-foot Whole Foods Market and a 13,000-square-foot Walgreens, the property is approximately one mile from both Harvard University and Massachusetts Institute of Technology.
Medford, Mass. — The Shops at Station Landing — a retail center located in Medford, roughly 5 miles outside of Boston — will see the addition of Life Time Wellington Station, a fitness club. Beginning this month, the gym will occupy 52,000 square feet and three stories at the center and feature amenities including strength-based and cardio equipment, a four-lane lap pool, spa and café. The location will also offer spaces for barre, cycling, Pilates, yoga, and personal and group training.
Somerville, Mass. — Five new tenants are scheduled to open at Assembly Row, a mixed-use development located in Somerville, a suburb of Boston. Athleta; ZWILLING J.A. Henckels, a cutlery and kitchenware retailer; Coach; Aerie; and Paper Source have signed leases and are scheduled to open within the next year. Other soon-to-open retailers include Civility Social House, Pandora Jewelry, An Nam Vietnamese Grill, FRANK Restaurant + Market, PNC Bank and Tribos Peri Peri. The property is also undergoing improvements, such as the addition of a dog park and outdoor firepit.
Watertown, Mass. — SRS Real Estate Partners has arranged the $16.1 million sale of a 14,400-square-foot retail property located in the western Boston suburb of Watertown. The property was built in 2016 and is leased to CVS/pharmacy on a triple-net basis. Kevin Held of SRS represented the seller, a West Coast-based family trust, in the transaction. Josh Kanter of Marcus & Millichap represented the buyer, a Massachusetts-based private investor that acquired the property via a 1031 exchange.
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Puttshack Raises $150 Million in Growth Capital, Unveils Expansion Plans
Chicago — Chicago-based Puttshack, an indoor mini golf venue, has completed a growth capital round of $150 million from funds managed by BlackRock and continued support from Promethean Investments. The new funding will support Puttshack’s rapid growth strategy across the United States. New venues in Boston and Miami are scheduled to open this fall, followed by one in St. Louis this winter. Additional locations in Dallas, Denver, Houston, Nashville, Philadelphia, Pittsburgh and Scottsdale, plus a second location in Atlanta, are all slated to open in 2023. Additional U.S. locations will …
Saugus, Mass. — Atlantic Capital Partners has arranged the sale of a retail building, formerly occupied by Sears, located within Square One Mall in Saugus, a northern suburb of Boston. Justin Smith, Chris Peterson, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.
Norwell, Mass. — JLL Capital Markets has arranged the sale of a Stop & Shop location in Norwell. The 59,519-square-foot single-tenant grocery store is located roughly 25 miles southeast of Boston. A team led by Nat Heald of JLL represented the seller in the transaction. Bailard Real Estate Fund was the buyer.
Fitchburg, Mass. — Atlantic Capital Partners, a division of Boston-based Atlantic Retail, has arranged the sale of John Fitch Plaza, a 186,809-square-foot retail center in Fitchburg, located in the northern-central part of the state, roughly 50 miles northwest of Boston. Anchored by Cinema World and The Paper Store, the property was 79 percent leased at the time of sale. Justin Smith, Chris Peterson, Sam Koonce and Cole Van Gelder represented both the buyer and seller.
Burlington, Mass. — Casimir Groblewski and Colin Monahan of Fantini & Gorga have arranged a $12.5 million mortgage for an undisclosed client. The financing — secured through a financial institution based in the Greater Boston area — is for the redevelopment of One Wheeler Road in Burlington. The new development, to be named Gateway Burlington, will replace an existing structure and feature a modern design with over 22,000 square feet of leasable space. Construction has begun on the project, which is scheduled for completion later this year.