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Boston & New England  + New England  + Retail  | 
Grossman Development Group has signed Old Navy to a long-term lease at JFK Plaza in Waterville, ME on behalf of property owner Winter Street Partners.

Leggings Galore! Grossman Development Group Lands Waterville’s First Old Navy at JFK Plaza

Grossman Development Group has signed Old Navy to a long-term lease at JFK Plaza in Waterville, ME on behalf of owner Winter Street Partners.

Peter Belsito of Strategic Retail Advisors represented Old Navy in the transaction. The new 12,500-square-foot Old Navy will be its first location in the Waterville area.

“The addition of Old Navy solidifies JFK Plaza as the dominant center in the market, providing both essential and discretionary retail alongside a very popular Hannaford supermarket,” said Jeremy Grossman, principal of Grossman Development Group.

Grossman Development Group and its partner, The New Haven Group/WI Waterville, LLC, acquired the 151,000-square-foot shopping center in 2019 and invested almost $4 million in improvements. The property is now owned by Winter Street Partners; Grossman Development Group, a retail and mixed-use development, redevelopment and acquisition firm, handles leasing. 

JFK Plaza is positioned less than one mile off Interstate 95. The center tenant mix includes T.J. Maxx, Tractor Supply and JOANN.

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Grossman Development Group's Grossman

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Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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