Phillips Edison & Company Buys Metro Boston Retail Portfolio for $52.8 Million

Boston – Three of the four properties in the portfolio are anchored by Shaw’s supermarkets.

The Metro Boston Retail Portfolio, sold to Phillips Edison & Company, encompasses a total of 279,196 square feet across four properties located in the greater Boston area.Boston – Cushman & Wakefield has arranged the sale of the Metro Boston Retail Portfolio to Phillips Edison & Company for $52.8 million. Cushman & Wakefield, led by president Rob Griffin, executive vice president Geoffrey Millerd and associate director Justin Smith, oversaw the transaction on behalf of Angelo, Gordon & Co., as well as WP Realty.

The Metro Boston Retail Portfolio encompasses a total of 279,196 square feet across four properties located in the Massachusetts towns of Cohasset, Easton, Hanover and Waltham. Three of the four shopping centers are anchored by Shaw’s supermarkets and one is a free-standing Hannaford Brothers supermarket. The Metro Boston Retail Portfolio includes Cushing Plaza in Cohasset, tenanted by Shaw’s, Walgreens and two free-standing banks; Shaw’s Plaza in Easton, tenanted by Shaw’s, Rite Aid and Bank of America; Shaw’s Plaza in Hanover; and Hannaford Brothers in Waltham. The portfolio is 99 percent leased.

 Scott Reid 

 

 

 

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