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Boston & New England  + Retail  |  July 29, 2019
David Cohen
By: David Cohen

Acadia Realty Acquires Rhode Island Retail Center for $55M

Acadia Strategic Opportunity Fund V, a fund managed by Acadia Realty Trust, has acquired Lincoln Commons, a 578,790-square-foot, grocery-anchored retail center in Providence for $55.7 million.

Located at the intersection of I-295 and Route 146, the center is eight miles from downtown Providence. The tenant roster at the center includes Stop & Shop, Target, Marshalls and HomeGoods.

Nat Heald and Chris Angelone of JLL’s Retail Capital Markets team represented the seller, Highlands REIT, in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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