Unison Realty Partners buys Hannaford anchored Uxbridge Center for $11.25 million
Unison Realty Partners recently acquired Uxbridge Center, a 75,985 s/f grocer-anchored shopping center for $11.25 million or $147 per s/f. The seller was Woodgreen Management, Inc.
"We are extremely pleased to continue the growth of our company with the acquisition of a 4th shopping center in New England since our inception in 2010. Uxbridge Center contributes positively to our existing portfolio with its line-up of strong national credit tenants such as Hannaford Brothers and its tremendous potential value yet to be realized. We will thrive to make a positive contribution to the community and serve our tenants the best we can," said Karim Fadel, president of Unison Realty Partners.
Uxbridge Center includes a newly renovated grocery store operated by Hannaford Brothers along with Bank of America, Dunkin' Donuts and Papa Gino's, among others.
There were no brokers involved. This was an off-market deal.
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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.
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.