Amherst, MA JLL Capital Markets has closed the sale of Amherst Shopping Center, an 81,702 s/f shopping center anchored by Big Y Supermarket and CVS. JLL marketed the property on behalf of the seller. Crosspoint Associates, Inc.
Waterbury, CT Ralph Calabrese of R. Calabrese Agency, LLC was the sole broker in the sale of 213 Chase Ave. The one acre parcel was occupied by a 2,700 s/f vacant former fast food restaurant which has been closed for years.
Investor and lender demand for quality real estate remains strong, with much attention often focused on the multifamily and industrial asset classes. At the same time, investors are also targeting single-tenant net leased retail properties here in New England and nationally, and senior debt providers are happy to follow.
Watertown, MA Chicago-based Bottleneck Management plans the forthcoming opening of City Works Eatery & Pour House at 91 Arsenal Yards Blvd. in the Arsenal Yards development. Slated to open to the public on March 13,
Somerville, MA Laronga Realty Partnership completed the sale of 599 Somerville Ave., to 599 Somerville Ventures, LLC, managed by Rafi Properties, LLC. The 21,908 s/f mixed-use site was home to La Ronga Bakery & Delicatessen, a family-owned
Nashua, NH Summit Realty Partners, Inc. has completed a new lease transaction at 443 Amherst St. Dollar Tree Stores, Inc. has signed a lease for a 8,125 s/f free standing retail store scheduled to open in spring/summer of this year.
Needham, MA According to Ken Fries, director of leasing, acquisitions and development for RK Centers, the company has continued to grow its New England retail portfolio with the acquisition of two properties along the Highland Ave./Needham St. retail corridor.
Newburyport, MA JLL Capital Markets has arranged a $7.5 million refinancing for Pond Street Mall, a 28,164 s/f, CVS-anchored retail center. JLL worked on behalf of the borrower, Quincy & Co., to place the long-term, fixed rate, non-recourse loan with Centreville Bank. Loan proceeds will be used to repay an existing loan.
Franklin, MA TRB Realty has closed the $5.125 million investment sale of West Central Plaza, a 10,040 square foot retail strip center. TRB Realty marketed the property exclusively on behalf of the seller, West Central Plaza
Concord, MA In a major year-end real estate transaction, Winstanley Enterprises, LLC and Surrey Equities, LLC. have closed on an established portfolio of 23 triple-net leased supermarkets from Ahold Lease USA, Inc., for $150 million.
