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
Beverly, MA Marcus & Millichap completed the sale of 278 Cabot St., a mixed-use building, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.8 million.
Darien, CT Federal Realty Investment Trust welcomed the first residents at Darien Commons, a mixed-use destination under construction adjacent to the Noroton Heights train station. There are currently 58 homes available for occupancy in the first phase.
Boston, MA Boston Realty Advisors has sold 2 Newbury, a retail property on Newbury St. in the city’s Back Bay, for $26.75 million to Stonegate Group. The space in the historic 13,500 s/f building, at the corner of Newbury and Arlington Sts., will be available for retail and office tenants for the first time since the 1980s
Woburn, MA KeyPoint Partners negotiated a 21,842 s/f lease with Ski Haus at Main St. Shopping Center. Vice president of retail brokerage Don Mace negotiated the lease on behalf of the landlord. Main St. Shopping Center is a Stop & Shop-anchored retail center off Rte. 128 at Exit 53.
Framingham, MA Marcus & Millichap negotiated the sale of Circle Furniture, a 8,736 s/f net-leased property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $2.4 million. Laurie Ann Drinkwater and Seth Richard, investment specialists in Marcus & Millichap’s Boston and Manhattan offices, had the exclusive listing
Newton, MA Newmark has completed the recapitalization of Newton Nexus, a 143,201 s/f mixed-use shopping center. Newmark co-head of U.S. capital markets Robert Griffin, vice chairman Geoffrey Millerd and managing directors Jonathan Martin and Paul Penman of the firm’s Boston capital markets group
Springfield, MA The Dollar General Literacy Foundation (DGLF) has awarded $6,500 in youth literacy grants to two Massachusetts nonprofit organizations, libraries and schools. The funds are part of more than $3 million recently awarded across the country and aim to narrow the gap between learners’ needs
Westford, MA ABG Commercial Realty broker’s senior vice president Bernard Gibbons and vice president Stephanie Deering have leased the 4,420 s/f restaurant and bar with Fuchi Asian Cuisine at Orchard Sq., at 355 Littleton Rd.
Naugatuck, CT New England Retail Properties, Inc. has sold 275 Church St. for $1.1 million to the Borough of Naugatuck. The former Bank of America branch was constructed in 1975 and consisted of a freestanding 5,060 s/f facility on 1.13 acres in the downtown area.
