Boston & New England + New England + Retail | May 25, 2023

ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center

ShopOne Centers REIT, in partnership with Pantheon and aM institutional investor, has entered Massachusetts with the acquisition of Heritage Park Plaza.

The shopping center, anchored by Stop & Shop, spans 117,337 square feet in East Longmeadow near Springfield. The plaza boasts high occupancy and a tenant mix, including national retailers like Petco, Panera, and Dollar Tree.

“With its significant barriers-to-entry for new development, demonstrated tenant success and established retail trade areas, New England will continue to be a target market for us, and we are very pleased to now have a presence in this region,” said Chris Reed, chief investment officer at ShopOne. Heritage Park Plaza marks the JV’s 12th grocery-anchored acquisition since March 2022, with a total investment capacity exceeding $1 billion.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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