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JLL Arranges $295M Sale of New England Retail Portfolio
JLL has arranged the $295 million sale of a portfolio of 11 single-tenant retail buildings net leased on a long-term basis to Stop & Shop in densely populated markets throughout Connecticut, Massachusetts and Rhode Island.
The 748,141-square-foot portfolio includes 19 Howley St. in Peabody, MASS.; 905 Massachusetts Ave. in Arlington, MASS.; 35 Bedford St in Lexington, MASS.; 55 Long Pond Dr. in South Yarmouth, MASS.; 469 Pleasant St. in Attleboro, MASS.; 595 Smithfield Rd. in North Smithfield, R.I.; 446 Putnam Turnpike in Greenville, R.I.; 333 W. River St. in Providence, R.I.; 1391 Main St. in Willimantic, CONN.; 195 West St. in Cromwell, CONN. and 15 Franklin St. in Seymour, CONN.
Nat Heald, Jose Cruz, Chris Angelone and Matthew Sherry of JLL represented the seller, Winstanley Enterprises and Surrey Equities, in the transaction. The Inland Real Estate Group of Companies, Inc. acquired the portfolio. Additionally, working on behalf of the new owner, JLL secured two separate 10-year, fixed-rate loans with a life company and with a CMBS lender.
- ◦Acquisition
