Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired three grocery-anchored shopping centers in Michigan, California and Massachusetts.
Lexington, Mass. — Linear Retail Properties LLC has acquired the Giroux Building, an 18,228-square-foot multi-tenant property with storefront retail located in downtown Lexington, for $10.45 million.
Lynn, Mass. — Marcus & Millichap has arranged the $10.5 million sale of a 12,900-square-foot, double-net lease CVS/pharmacy location in Lynn.
North Andover and Waltham, Mass. — Linear Retail Properties has acquired a three-property retail portfolio, totaling 124,093 square feet, in Massachusetts for $57.5 million.
Boston — Fantini & Gorga has arranged $9 million in permanent first mortgage financing for two Massachusetts retail properties, including a Walgreens in Newton Centre and a multi-tenanted property in Burlington, on behalf of a Boston-based family investment and development firm.
Millbury, Mass. — The center’s anchors and retailers include Nordstrom Rack, Target, Kohl’s, Barnes & Noble, Dick’s Sporting Goods, Gap, Jos A. Bank and LOFT.
Cambridge, Mass. — To keep customers safe, Shawmut built full safety barricades around the perimeter.
Plymouth, Mass. – Jonathan Aron of KeyPoint Partners represented the seller, while Michael Scanio of Cambridge Capital Advisors procured the buyer.
Lynnfield, Mass. – The development already has 63 open shops and restaurants.
Newton, Mass. – Karp has been with New England Development for 15 years.