Unison Realty Partners buys McKinnon's Plaza for $6.122m
Unison Realty Partners, an affiliate of ABC Overseas, Inc., has acquired McKinnon's Plaza, an 11,676 s/f community shopping center, for $6.122 million from Martin Bloom.
"We are extremely pleased to enhance our retail real estate investment program with the acquisition of a community center located in one of the most affluent suburbs of Boston. We will strive to make a positive contribution to the community and serve our tenants the best we can," said Karim Fadel, president of Unison Realty Partners. "The highly visible location at the intersection of Rte. 20 and Concord Rd., the quality of tenants, and the pristine condition of the property contributed to the desirability of McKinnon's Plaza."
McKinnon's Plaza includes two full-fledge branches of Citibank and Salem Five Bank, and cotenants McKinnon's Liquors, Ace Jewelers and a Joy Cleaners. There is one 500 s/f vacancy.
NEREJ’s Fall Preview is Out Now!
Explore our Fall Preview Spotlight, featuring exclusive Q&As with leading commercial real estate professionals and in-depth byline articles on today’s most relevant market topics. Gain insight into the trends, challenges, and opportunities shaping New England’s commercial real estate landscape this fall.
Internal Revenue Code (IRC) Section 1031 provides “No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held
The Boston industrial market entered mid-2025 in a bifurcated state. Large-block vacancy remains elevated, while shallow-bay along the 495/128 corridor continues to prove resilient. Fieldstone’s focus on this geography positions us squarely in the middle of a renewal-driven, supply-constrained
These are uncertain times for the home building industry. We have the threat of tariffs mixed with high interest rates and lenders nervous about the market. Every professional, whether builder, broker, or architect, asks themselves, how do we manage our business in today’s climate? We all strive not just to succeed, but
On March 24, 2025, a dream more than three decades in the making became a reality with the launch of the Massachusetts Bay Transportation Authority’s (MBTA) South Coast Rail commuter service. This milestone marks the completion of a project that overcame numerous starts and stops, including changes in leadership