News:
Brokerage
Posted: October 28, 2022
JLL facilitated sale of 59,519 s/f Stop & Shop
Norwell, MA JLL Capital Markets facilitated the sale of a 59,519 s/f Stop & Shop to the Bailard Real Estate Fund. The sale price was not disclosed.
JLL represented the seller in the transaction. This represents the second acquisition of a Stop & Shop center in the greater Boston area for Bailard.
Situated at 468 Washington St., the property is located 20 miles south of Boston. The store’s location off of Rte. 3 provides customers connectivity to and from the area.
“Stop & Shop is a premier supermarket operator in the market, evidenced by its robust sales. We were eager to add this location to our portfolio for its attractive location and cash flow yield,” said Tess Gruenstein, senior vice president of acquisitions and portfolio management at Bailard.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by managing director Nat Heald.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.