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Brokerage
Posted: October 25, 2019
Nuveen Real Estate acquires 147,273 s/f retail asset at 350 Washington
Boston, MA Nuveen Real Estate acquired 350 Washington, a 147,273 s/f, class A flagship retail asset located in Downtown Crossing. The property is anchored by Marshall’s, HomeGoods, TJ Maxx and Boston Sports Club.
“This retail asset has strong tenant credit profile in a dominant retail node with ample exposure to the area’s office, residential and tourist traffic. 350 Washington provides an attractive risk-adjusted return given the core nature of its tenants, limited future capital requirements combined with an attractive investment basis,” said Manuel Martin, head of U.S. Retail at Nuveen Real Estate.
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Quick Hits
Columns and Thought Leadership
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.
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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.