Retail

Marcus & Millichap Capital Corp. arranges a $7.05 million loan for Walmart - adjacent to former site of the former Swansea Mall

Swansea, MA Marcus & Millichap Capital Corporation (MMCC) has arranged a $7.05 million loan to refinance the existing ground lease. Walmart originally opened in the Swansea Mall in 2001, received approvals for the Walmart Supercenter in 2009

Combined Properties, Inc. renews lease to Bank of America

Malden, MA According to Combined Properties, Inc., Bank of America renewed its lease at 157 Centre St. In doing so, the bank expanded its retail footprint from 3,100 s/f to 4,891 s/f. Bank of America shares this first-class retail center

Dragon Group brings Foodland International to Central Plaza in Lowell

Lowell, MA According to Jim Dragon, managing partner for the Dragon Group and Central Plaza Realty LLC, the grand opening was held April 10th of Foodland International at the Dragon Group’s Central Plaza Shopping Center.

Bulman of District Real Estate Advisors brokers two Dollar General deals

Warren, RI Tim Bulman of District Real Estate Advisors completed the sale of a 2019 retrofit construction Dollar General for $1.75 million. Bulman represented the seller in the transaction and Daniel Bernardini of Horvath & Tremblay represented the buyer.

MANSARD facilitates sale of retail condo for $1.5m to NU Kitchen

Newburyport, MA MANSARD has facilitated the sale of 19 Pleasant St. Unit 1. The storefront retail condo features 3,185 s/f on the first floor and 2,952 s/f on the lower level and was completely gutted at the time of sale.

Drinkwater and Richards of Marcus & Millichap sell 21,320 s/f property for $12.25 million

Saugus, MA Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale of Walgreens & Mattress Firm, a 21,320 s/f net-leased property, according to Thomas Shihadeh, regional manager of the firm’s Boston office.

JLL handles $35.5 million sale of Watertown Stop & Shop

Watertown, MA JLL Capital Markets completed the $35.5 million sale of a 69,000 s/f, single-tenant retail building net leased by Stop & Shop Supermarket. JLL marketed the property on behalf of the seller, Winstanley Enterprises, LLC and Surrey Equities LLC,

McEvoy and Conrad of Conrad Grp. broker 26,165 s/f at Sterling Plaza

Randolph, MA The Conrad Group consummated a 26,165 s/f retail lease at Sterling Plaza. The retail space was leased to SDI Stores LLC and will be the new home for Bob’s Stores and Eastern Mountain Sports. Sterling Plaza, a 60,368 s/f retail center is located adjacent to The Randolph Cinema.

Atlantic Capital Retail purchases 8,000 s/f retail center for $5.75 million - Financing was provided by BankFive

Warwick, RI Newman Properties’ affiliate Atlantic Capital Retail LLC has purchased an 8,000 s/f retail shopping center located at 1191 Division St. Horvath & Tremblay represented the buyer in the transaction.

Arden of NAI Norwood Group brokers sale of 8,400 s/f unit for $339,900 - formerly known as Lucky Supermarket

Somersworth, NH NAI Norwood Group completed the sale of 1 Somersworth Plaza, to Yuan Ze 2LLC for $339,900. 1 Somersworth Plaza is an 8,400 s/f retail strip plaza, formerly known as Lucky Supermarket,