Massachusetts

Copley-Place-SW-Corridor
DevelopmentMassachusettsMixed-useNews

Neiman Marcus Closes at Copley Place in Boston, Simon Plans Redevelopment

by Abby Cox

Boston — Simon Property Group is planning to redevelop the former multilevel Neiman Marcus store at Copley Place, a 1.2 million-square-foot mixed-use development in the Back Bay neighborhood of Boston. While an exact closing date for the retailer hasn’t been announced, Simon will begin exterior remodeling this year and will have phased openings in the space through 2028. Simon expects to add multiple dining concepts and luxury stores on site, including Miami-based Casa Tua Cucina and Greek seafood restaurant Estiatorio Milos, as well as a first-to-market Dolce & Gabbana store and …

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Franklin Village Plaza
ConnecticutFinanceGrocery-anchoredMassachusettsNew JerseyNewsPennsylvania

Newmark Group Arranges $415 Million in Financing for Northeast Grocery-Anchored Retail Portfolio

by Abby Cox

New York — Newmark has arranged a $415 million loan to refinance a retail portfolio across Connecticut, Pennsylvania, New Jersey and Massachusetts. Totaling 2.4 million square feet, the portfolio comprises 13 open-air centers that are located in densely populated infill markets. Twelve of the properties are anchored by grocery tenants. Jordan Roeschlaub, Nick Scribani, John Caraviello and Dan Axelson and Adam Doneger of Newmark secured the financing through HPS Investment Partners on behalf of a separate managed account for the borrowers, DRA Advisors and KPR Centers.

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Fieldstone Marketplace
Investment salesMassachusettsNews

Private Investor Acquires 192,003-Square-Foot Shopping Center in New Bedford, Massachusetts, for $12.2 Million

by Abby Cox

New Bedford, Mass. — A private real estate investor has acquired Fieldstone Marketplace, a 192,003-square-foot shopping center located in New Bedford, for $12.2 million. Restaurant Depot and Ollie’s Bargain Outlet anchor the property, which was recently renovated. Other tenants at the center include Golden Star Chinese Restaurant, Dunkin’, Dollar Tree and Sally Beauty Supply, according to LoopNet Inc. Fieldstone Marketplace was originally built in 1988 on nearly 25 acres. Nat Heald, Connor Scott and Jordana Roet of CBRE’s National Retail Partners team procured the buyer and represented the seller in the …

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Brighton Mills
Grocery-anchoredInvestment salesMassachusettsNews

CBRE Arranges Sale of 91,000-Square-Foot Grocery-Anchored Center in Boston

by Abby Cox

Boston — CBRE has arranged the sale of Brighton Mills, a 91,000-square-foot grocery-anchored retail center situated in the Boston neighborhood of Brighton. Urban Edge Partners acquired the property for $39 million from Harvard University. New England supermarket chain Star Market anchors Brighton Mills, which features a mix of additional tenants such as Petco, Spring Shabu-Shabu, Bank of America and McDonald’s. Nat Heald, Jordana Roet, Connor Scott and Scott Dragos of CBRE’s National Retail Partners team procured the buyer and represented the seller in the transaction.

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550 Arsenal Street
Investment salesMassachusettsNews

JLL Arranges $83 Million in Financing for 260,867-Square-Foot Shopping Center in Suburban Boston

by Abby Cox

Watertown, Mass. — JLL Capital Markets has arranged $83 million in financing for the acquisition of 550 Arsenal Street, a 260,867-square-foot shopping center located in the Boston suburb of Watertown. Anchored by Target, 550 Arsenal Street is situated adjacent to Arsenal Yards, a roughly 1 million-square-foot mixed-use development. Additional tenants include Best Buy, the Massachusetts Registry of Motor Vehicles and Chase Bank. Henry Schaffer, Andrew Gray, Sam Wiesman and Joe Marinaro of JLL arranged the fixed-rate loan through Wells Fargo on behalf of the borrower, National Development.

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Investment salesMassachusettsNews

Reports: National Development Buys Watertown Mall in Metro Boston for $100 Million 

by Abby Cox

Watertown, Mass. — National Development has purchased Watertown Mall, a 260,867-square-foot shopping center located about six miles northwest of Boston, with plans to enhance the property and continue its operation as a retail destination, as confirmed in a statement by the regional owner-operator. According to reports from multiple publications, including Axios and the Boston Business Journal, the sales price was approximately $100 million, and the purchase represents a split from an original plan to repurpose the property to support life sciences usage. Best Buy and Target are the current anchors of Watertown Mall. Alexandria …

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Wayside
LeasingMassachusettsNews

Three New Tenants Join Wayside Shopping Center in Suburban Boston

by Abby Cox

Burlington, Mass. — Three new tenants have signed leases to join Wayside, a 193,000-square-foot shopping mall located in the Boston suburb of Burlington. Diamonds & Pearls by David’s Bridal is already open at the property. Golf Galaxy will open a 16,000-square-foot venue in mid-October, while contemporary Japanese restaurant Hinoki will open in early 2026. Wayside is anchored by L.L. Bean and features more than 30 shops, services and restaurants including West Elm, Talbots, Loft, Eileen Fisher, The Capital Grille, Seasons 52, Starbucks Coffee, Potbelly Sandwich Works and The Treasury. The Wilder …

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9 West Plaza
Investment salesMassachusettsNews

Atlantic Capital Partners Arranges $10 Million Sale of 9 West Plaza in Metro Boston

by Abby Cox

Westborough, Mass. — Atlantic Capital Partners has arranged the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center located in Westborough, approximately 28 miles west of downtown Boston. Tenants at the property include Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Built in 1983, the center is situated on 5 acres, according to LoopNet Inc. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer.

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The Shops at Chestnut Hill
MassachusettsNews

Simon Begins Redevelopment of Shops at Chestnut Hill in Metro Boston

by Abby Cox

Chestnut Hill, Mass. — Simon Property Group has begun the redevelopment of The Shops at Chestnut Hill, a shopping, dining and entertainment destination located roughly six miles west of downtown Boston. The project will include a full repainting of the center’s interiors, the installation of a new lighting system, new artwork and decor throughout the center and an update to the indoor garden area. Simon will also renovate the center’s flooring, facades and restrooms. The majority of the project is expected to be complete by the end of the year. …

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The Bradford
Investment salesLeasingMassachusettsMixed-useNewsRetailers

Zelco Properties, AGW Partners Acquire Retail Portion of Mixed-Use Development in Suburban Boston

by Abby Cox

Belmont, Mass. — Zelco Properties & Development, in partnership with AGW Partners, has acquired the retail portion of the Bradford, a newly constructed, 184,000-square-foot mixed-use development located in the western Boston suburb of Belmont. The Bradford comprises 115 luxury residential units across three buildings, along with 34,000 square feet of ground-floor retail. The acquisition includes multiple retail spaces ranging from 450 square feet to nearly 20,000 square feet. The retail space contains an anchor suite and a purpose-built restaurant space. Starbucks currently anchors the property, which features on-site parking options, a …

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