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.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.