Newmark has completed the recapitalization of Newton Nexus, resulting in Long Wharf Capital’s acquisition of the majority interest in the 143,201-square-foot mixed-use shopping center in Newton Highlands, MA.

Robert Griffin, Geoffrey Millerd, Jonathan Martin and Paul Penman of the Newmark represented the majority interest seller, Crosspoint, in the transaction.

Newton Nexus is presently 100% leased to a 13-tenant roster that is anchored by Stop & Shop and two TJX concepts: T.J.Maxx and Sierra Trading Post. The property was completely redeveloped in 2017 and comprises three multi-tenant buildings, two of which are occupied exclusively by retail tenants and one of which is occupied by a mix of office and retail tenants.

“Newton Nexus benefits from strong traffic-generating anchor tenancy combined with a strategic location along a key retail corridor inside Route 128/Interstate 95,” said Millerd. “These factors position it well to serve densely-populated Newton, one of New England’s most affluent and desirable trade areas.”