Massachusetts

Party_City_Staples
MassachusettsNewsRetailers

Party City Returns, Opens 700 Locations Inside Staples

by Abby Cox

Framingham, Mass. — Party City and Staples have partnered to bring the specialty party retailer inside more than 700 Staples locations nationwide and on the Staples website, with plans to expand to additional stores by the end of 2026. According to the companies, the partnership creates a single destination for celebrations by offering a selection of balloons, décor and party supplies, along with Staples same-day print and marketing services. “Staples has always been focused on making things easy for our customers, and our partnership with Party City takes that promise into …

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Needham Center Shoppes
Investment salesMassachusettsNews

Linear Retail Properties Purchases Needham Center Shoppes in Massachusetts for $7 Million

by Abby Cox

Needham, Mass. — Linear Retail Properties has acquired Needham Center Shoppes, an 11,330-square-foot store block located at 113-133 Chapel St. and 1013-1019 Great Plain Ave. in Needham, a southwestern suburb of Boston. The purchase price was $7 million. Current tenants include Needham Center Fine Wines, Citizens Bank, Gari’s Japanese Fusion Bistro, Bagel’s Best, Beauty Muse and the Kumon Math and Reading Center. Needham Center Shoppes has been owned and operated by the Heffernan family since 1970.

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Randolph-movie-theater
Investment salesMassachusettsNews

Atlantic Capital Partners Sells Single-Tenant Retail Property in Metro Boston for $9 Million

by Abby Cox

Randolph, Mass. — Atlantic Capital Partners has sold a 112,265-square-foot single-tenant retail property located in Randolph, approximately 15 miles south of downtown Boston, for $9 million. Showcase Cinema occupies the building, which sits on nearly 13.5 acres. Justin Smith, David Smookler, Peter Considine, Danielle Turpin and Matt Austin of Atlantic Capital Partners represented the seller in the transaction and secured the buyer. The three-level theater has been operating since 1997.

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Simon-WrenthamPremiumOutlets
LeasingMassachusettsNews

Simon Property Group Signs Leases with Four New Tenants at Wrentham Village Premium Outlets in Massachusetts

by Abby Cox

Wrentham, Mass. — Simon Property Group has signed leases with four new tenants at Wrentham Village Premium Outlets, a 616,000-square-foot open-air power center located in Wrentham, approximately 30 miles southwest of Boston. The Shaquille O’Neal-branded fast-causal restaurant chain Big Chicken is already open at the property, while Taiwanese tea house Gong Cha will open in late spring. Athletic apparel brand Fabletics will debut this summer, along with Gymboree, a children’s clothing brand. Opened in 1997 and renovated in 2018, Wrentham Village Premium Outlets features more than 170 stores, including Ulta …

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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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