Boston & New England + Retail | February 20, 2020

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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