News:
Brokerage
Posted: December 23, 2016
JLL closes $13.75 million sale of Stoughton Town Center
Stoughton Town Center - Stoughton, MAStoughton, MA On behalf of an affiliate of Winstanley Enterprises LLC and Surrey Equities, JLL’s Capital Markets experts completed the sale of Stoughton Town Center, a 73,000 s/f, PriceRite Supermarket anchored shopping center. Medipower Overseas purchased the asset. According to public records, the purchase price was $13.75 million.
According to JLL executive vice president Nat Heald, “Stoughton Town Center represented a compelling opportunity to acquire a high-profile grocery-anchored shopping center in the competitive Greater Boston MSA. The property has recently undergone an extensive repositioning to attract new, national credit tenants, which will ensure a stable cash-flow for many years to come.”
Stoughton Town Center is also home to Rite Aid, Douglas Wine & Spirits, and Sonic. The property is positioned in downtown along Rte. 138 (Washington St.), the area’s primary retail corridor.
Heald and managing directors Chris Angelone and Bill Moylan led the JLL team on the transaction.
MORE FROM Brokerage
Arnold of Mott & Chace Sotheby’s International Realty sells 17 Ferolbink Way for $4.5 million
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
Quick Hits
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
