Cushman & Wakefield sells Five Town Plaza for $31 million

Cushman & Wakefield completed the sale of Five Town Plaza for $3.1 million to Phillips Edison-ARC Shopping Center REIT Inc. The Cushman & Wakefield team, led by president Rob Griffin, executive vice president Geoffrey Millerd and associate director Justin Smith, oversaw the transaction of the 328,372 s/f Big Y-anchored property on behalf of Urstadt Biddle Properties, Inc. Five Town Plaza is a shopping center located on Rte. 21 (Cooley St.) in one of the most densely populated areas of western Massachusetts. In addition to Big Y, this institutionally owned and operated asset has consistently attracted and retained some of the most dominant retailers in the market. Urstadt Biddle Properties, a self-administered equity real estate investment trust (REIT) founded in 1969 and headquartered in Greenwich, Conn., has owned Five Town Plaza for over 40 years.

Tags: Brokerage Retail

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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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