Hudson, Mass. —Horvath & Tremblay has arranged the $21.9 million sale of Center at Hudson, a shopping center located in Hudson. A 58,266-square-foot freestanding Stop & Shop anchors the property, which includes an additional 26,339 square feet. Bob Horvath and Todd Tremblay of Horvath & Tremblay brokered the sale on behalf of the undisclosed seller and procured the buyer.
Boston — Atlantic Capital Partners, a division of Boston-based Atlantic Realty, has negotiated the $70 million sale of a portfolio of four grocery-anchored retail properties in Massachusetts and Rhode Island. The properties, all of which are master-leased to regional operator Stop & Shop, total 272,542 square feet and are located in the Massachusetts communities of Framingham, Malden and Swampscott, with the fourth in Bristol, Rhode Island. Justin Smith, Chris Peterson and Sam Koonce of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.
Middleton, Mass. — Matthews Real Estate Investment Services has negotiated the $7.7 million sale of a 14,440-square-foot retail property located in Middleton, a northern suburb of Boston. Walgreens occupies the property on a net-lease basis. Grant Korn and Maxx Bauman of Matthews Real Estate represented the seller, Newport Property Corp., in the transaction. A New York-based private investor acquired the asset via a 1031 exchange.
Middleton, Mass. — Matthews Real Estate Investment Services has brokered the $7.7 million sale of a Walgreens property located in Middleton, a northern suburb of Boston. Newport Property Corp. sold the property to a New York-based private investor in a 1031-exchange transaction. Grant Korn and Maxx Bauman of Matthews represented the seller.
Woburn, Mass. — Teresa’s Ristorante will open a 12,500-square-foot Italian eatery in Woburn, a northern suburb of Boston. The space, which features private dining rooms and a patio, is currently being renovated, and the restaurant expects to open this spring. John Halsey and Steve Cusano of Cummings Properties represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
Westborough, Mass. — Grossman Development Group (GDG) has acquired Bay State Commons, a 261,672-square-foot retail center located in Westborough, approximately 30 miles west of Boston. Roche Bros. anchors the property, and other tenants include Boston Interiors, Reliant Medical, Boston Ski & Tennis, Ted’s Montana Grill and Panera Bread. GDG purchased the property with a partnership doing business as Baystate Westborough LLC, which includes Mark Reardon. Todd Alexander of Kelleher & Sodowsky handles leasing at the development.
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.
