Medford, MA Holliday Fenoglio Fowler, L.P. (HFF) completed the sale of Meadow Glen, a shopping center anchored by a Wegmans grocery store and set minutes from downtown Boston. The sale price was $85.7 million according to public records.
HFF marketed the property on behalf of a private partnership and procured the buyer, global investment manager DWS Group.
Redeveloped in 2017 by a partnership led by New England Development and designed with today’s consumer in mind, Meadow Glen is comprised of 291,860 s/f of retail space that is 100% leased. In addition to Wegmans, which occupies its space under the terms of a long-term lease, other retailers include Kohl’s, DICK’s Sporting Goods, Marshalls and Petco.
The HFF investment advisory team included senior managing directors Coleman Benedict, Riaz Cassum and Jim Koury and senior director Ben Sayles.