Burlington, Mass. — Colliers International has arranged $45 million in refinancing for Third Avenue, a newly constructed retail walking street located off of the Middlesex Turnpike in Burlington.
Franklin, Mass. — Faris Lee Investments has arranged the $6.6 million sale of Franklin Shops, a newly developed 8,911-square-foot retail center located in Franklin.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired one shopping center and two junior boxes totaling 146,472 square feet in Amesbury, Massachusetts, and Charleston, South Carolina.
Boston — National Real Estate Advisors and the HYM Investment Group have received final approval from the Boston Redevelopment Authority to build two towers comprising the first phase of a $1.5 billion redevelopment project on Boston’s Congress Street.
Rockville, Md. — Rockville-based Federal Realty Investment Trust has acquired the 70 percent interest owned by affiliates of a discretionary fund advised by ING Clarion Partners in a joint venture that owns six shopping centers.
Quincy, Mass. — Related Beal has completed the interior renovation of Presidents Place, a mixed-use property located at 1250 Hancock St. in Quincy.
Brockton, Mass. — Marcus & Millichap has arranged the $18.7 million sale of a 65,425-square-foot Stop & Shop located in Brockton.
Wayland, Mass. — Zurich Asset Management has acquired Wayland Town Center, a mixed-use retail center in Wayland, from a joint venture between KGI Properties and J.P. Morgan Asset Management for $68 million.
Waltham and North Andover, Mass. — Holliday Fenoglio Fowler (HFF) has secured $35.23 million in combined financing for Main Street Marketplace, a 44,461-square-foot retail center located in Waltham, and Eaglewood Shops, a 77,558-square-foot retail center located in North Andover.
Boston — Simon Property Group will begin extensive renovations on Copley Place, an 800,000-square-foot urban mixed-use office and retail space located in Boston.