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Retail at Plymouth’s Colony Place MXU Trades to Rainier
The two major retail components of Colony Place in Plymouth, MA have sold to Dallas-based Rainier Companies for a reported $83 million. NKF’s Robert Griffin, Geoffrey Millerd, Justin Smith and Paul Penman represented Saxon Partners, which is developing the mixed-use Colony Place.
The retail space acquired by Rainier Companies totals 418,970 square feet in two distinct components: The Plaza, a 230,497-square-foot power center, and The Village, a 188,473-square-foot lifestyle center.
Saxon Partners will continue in its role of master developer of the Colony Place mixed-use campus. Currently it’s adding another hotel and a 320-unit apartment complex to the one-million-square-foot development.
“Colony Place serves as the epicenter of retail in Plymouth and was master-planned as a cohesive mixed-use campus with wide boulevards, top-end finishes and exceptional landscaping, creating a setting unlike anything in the region,” said Smith.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
