Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Small Shop Woburn Retail Center Goes for $11M
CBRE arranged the sale of Woburn Plaza, a 31,994-square-foot shopping center located at 299 Mishawum Rd. in Woburn, MA. Situated 10 miles from downtown Boston, Woburn Plaza was acquired by Chestnut Realty Management for $11.2 million from Linear Retail Properties.
The CBRE National Retail Partners team of Nat Heald, Kyle Juszczyszyn, Connor Scott and Jordana Roet spearheaded the marketing campaign for the shopping center and represented the seller in the negotiations.
“Small shop retail centers have matured into the ‘it’ product type within the retail landscape,” said Heald. “Woburn Plaza received tremendous attention from the market based on its manageable size and prime location. We are proud to have played a part in this exciting transaction.”
Located adjacent to Interstate-95, Woburn Plaza is occupied by West Marine, Eastern Bank and Mattress Firm. Additional retailers at the center include T.J. Maxx, HomeGoods, HomeSense, Sephora, Shake Shack, Dave’s Hot Chicken, Sally’s Apizza, Crumbl Cookies, Caffe Nero and Cava.
- ◦Sale/Acquisition
