Boston, New Jersey and Connecticut – The portfolio was 96 occupied at the time of sale and anchored by national and regional tenants, including Walmart, Kohl’s, Lowe’s Home Improvement Warehouse, Whole Foods, Trader Joe’s, Petco, Pier 1 Imports, Walgreens and CVS/pharmacy.
Boston, New Jersey and Connecticut – HFF has closed the sale of a 24-property, 1.4 million-square-foot retail portfolio with properties located in the greater Boston area, New Jersey and Connecticut. Kimco Realty Corp. purchased the portfolio for $270 million, including the assumption of approximately $121 million of debt, from G.P.B. Holdings LLC. The portfolio was 96 occupied at the time of sale and anchored by a variety of national and regional tenants, including Walmart, Kohl’s, Lowe’s Home Improvement Warehouse, Whole Foods, Trader Joe’s, Petco, Pier 1 Imports, Walgreens and CVS/pharmacy, as well as Kings and Aldi supermarkets. Twenty-one properties are located in Massachusetts, two in New Jersey and one in Connecticut. Jim Koury and John Fowler led the HFF investment sales team representing the seller.
— Amy Bigley Works