Highlands Plaza - Easton, MA

Easton, MA Cushman & Wakefield completed the sale of Highlands Plaza to Ohio-based Phillips Edison & Company for an undisclosed price.

The Cushman & Wakefield team, led by president Robert Griffin, executive vice president Geoffrey Millerd and director Justin Smith, oversaw the transaction of the Hannaford-anchored shopping center on behalf of Boston-based  Samuels & Associates.    

“Located in Metro Boston, Highlands Plaza serves as a dominant retail shopping center in a trade area with limited nearby grocery options and high barriers to entry, making the asset very appealing to Edison,” said Millerd.

Totaling 112,869 s/f, Highlands Plaza is  located at the intersection of Rte. 123 and Rte. 106, one of the region’s primary thoroughfares with traffic counts exceeding 24,000 vehicles daily.  

“The strong performance of the anchor tenants at Highlands Plaza and the presence of a Target shadow-anchor facilitated significant interest from the investor community and is what ultimately led Phillips Edison to add the asset to its portfolio of grocery-anchored shopping centers,” said Smith.

Justin Smith, Cushman & Wakefield