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Massachusetts

Billerica Mall
DevelopmentMassachusettsNews

PROCON Breaks Ground on Redevelopment of Billerica Mall in Metro Boston

by Julia Sanders

Billerica, Mass. — PROCON has broken ground on the redevelopment of Billerica Mall on the northern outskirts of Boston. Development plans include the demolition of an 84,000-square-foot structure that was vacated by Kmart several years ago and the construction of a new 43,000-square-foot grocery store at that site. In addition, the development team, which is led by an entity doing business as F.B. Billerica Realty Investors LLC, will deliver 18,000 square feet of new restaurant space and upgrade the property’s signage, landscaping and utility systems. Lastly, the project team will …

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Investment salesMassachusettsNews

Linear Retail Properties Acquires Two Metro Boston Properties for $12.2 Million

by Julia Sanders

Wellesley, Mass. — Linear Retail Properties has acquired two commercial properties in Wellesley, about 17 miles from Boston, for a combined price of $12.2 million. The first building spans 11,000 square feet of retail, office and residential space, while the second building comprises 6,000 square feet of retail space. Marilyn Santiago of SVN | Parsons Commercial Group represented the undisclosed seller in the transaction.

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Investment salesMassachusettsNews

Linear Retail Acquires Two Buildings Totaling 17,000 Square Feet in Metro Boston

by Julia Sanders

Wellesley, Mass. — Linear Retail Properties has acquired two buildings totaling 17,000 square feet in Wellesley, located 17 miles from Boston, for a combined price of $12.2 million. The two-story building at 25-35 Central St. houses 8,500 square feet of retail space that is leased to Footstock, Laurel Grove, Marika’s Salon, Skinscapes and Winston Flowers, as well as 2,500 square feet of residential space. The building at 53-61 Central St. spans 6,000 square feet of retail space that is leased to Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers and Wellesley …

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LeasingMassachusettsNews

Gymja Warrior Signs 11,345-Square-Foot Retail Lease in Metro Boston

by Julia Sanders

Peabody, Mass. — Boutique fitness operator Gymja Warrior has signed a 11,345-square-foot retail lease at Route One Marketplace in Peabody, 23 miles from Boston. Other tenants at the fully leased center include Bradford Carpet One, Namco, Crossfit 128 and Mass Bay Hockey Center. Don Mace of KeyPoint Partners represented the undisclosed landlord in the lease negotiations.

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BJ's
Investment salesMassachusettsNews

JLL Capital Markets Arranges Sale of 115,650-Square-Foot BJ’s Wholesale Club in Metro Providence

by Julia Sanders

Attleboro, Mass. — JLL Capital Markets has arranged the sale of a 115,650-square-foot, single-tenant retail property net-leased to BJ’s Wholesale Club in Attleboro, roughly 10 miles north of Providence. Nat Heald, Chris Angelone and Zach Nitsche of JLL Capital Markets represented the undisclosed seller in the transaction. BJ’s has operated at this location since the building was constructed in 2011.

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Assembly Row
LeasingMassachusettsNews

Seven Retailers to Join Tenant Lineup at Assembly Row in Metro Boston

by Julia Sanders

Somerville, Mass. — Seven new retailers have plans to join the tenant lineup at Assembly Row, a mixed-use neighborhood that will feature a total of 635,000 square feet of retail and restaurant space in Somerville, about 3 miles from Boston. The following are expected to open this summer: LaserAway, a laser hair removal and aesthetic dermatology; Ten One Tea House, a retailer offering healthy Taiwanese tea drinks; Bond Vet, a pet wellness and urgent care clinic; An Nam, a Vietnamese grill; Tatte Bakery & Café; Civility Social House, a local …

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Investment salesMassachusettsNews

Marcus & Millichap Brokers $13.4 Million Sale of Shopping Center in Coastal Massachusetts

by Julia Sanders

Gloucester, Mass. — Marcus & Millichap has brokered the $13.4 million sale of Cape Ann Marketplace, a 102,977-square-foot shopping center in the coastal Massachusetts city of Gloucester. Shaw’s serves as the center’s anchor tenant. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller and sourced the buyer, both of which requested anonymity, in the transaction.

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Saugus Plaza
Investment salesMassachusettsNews

JLL Negotiates $39.5 Million Sale of Grocery-Anchored Shopping Center in Metro Boston

by Julia Sanders

Saugus, Mass. — JLL has negotiated the $39.5 million sale of Saugus Plaza, a 165,800-square-foot shopping center in Saugus, roughly 11 miles north of Boston. The center was 97 percent leased at the time of sale to tenants including anchors Stop & Shop and Floor & Décor, Buffalo Wild Wings, North Shore Liquor and King Crab. Federal Realty Investment Trust sold the property to a partnership between The Grossman Cos. Inc. and North Colony Asset Management. Nat Heald, Chris Angelone and Zach Nitsche of JLL brokered the deal.

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Stop & Shop
Investment salesMassachusettsNews

JLL Arranges $44.3 Million Sale of Grocery-Anchored Center in Suburban Boston

by Julia Sanders

Braintree, Mass. — JLL Capital Markets has arranged the $44.2 million sale of Stop & Shop Plaza, a 173,798-square-foot neighborhood shopping center in Braintree, roughly 13 miles outside Boston. Nat Heald, Chris Angelone and Zach Nitsche of JLL represented the undisclosed seller in the disposition of the property to Sterling Organization. Situated on 18.8 acres at 238-310 Grove St., the center was home to tenants including Stop & Shop, CVS/pharmacy, Town Fair Tire, The Paper Store and Crunch Fitness at the time of sale.

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BJ's
Investment salesMarylandMassachusettsNews

Inland Private Capital Sells Two BJ’s Wholesale Club-Occupied Properties in Massachusetts, Maryland

by Julia Sanders

Attleboro, Mass. and Baltimore — Inland Private Capital Corp. (IPC) has sold two BJ’s Wholesale Club locations in Massachusetts and Maryland. IPC facilitated the sale on behalf of its 1031 investment program East Coast Wholesale Portfolio DST. The portfolio includes a 115,660-square-foot BJ’s Wholesale Club located at 287 Washington St. in Attleboro, Massachusetts; and an 89,348-square-foot BJ’s Wholesale Club located at 4701 O’Donnell St. in Baltimore. The buyer and terms of the transaction were undisclosed.

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