Newmark has completed the $390-million sale of nine grocery-anchored shopping centers located across greater Boston, MA and in Providence, RI. The portfolio is 95% leased.

Robert Griffin, Geoffrey Millerd, Jonathan Martin and Paul Penman of Newmark represented seller Gravestar and procured the buyer, TA Realty and operating partner Wilder. Newmark’s Mathew Adler provided additional support while Richard Ruggiero acted as the local broker for the RI transaction.

“This portfolio represented a generational opportunity — the first-time offering of the highest-quality, privately-owned collection of shopping centers in New England,” said Millerd. “Phenomenal investor demand for this portfolio underscores the strength of the market for premier supermarket-anchored retail assets in New England.”

The portfolio includes eight assets in Massachusetts: Auburndale Plaza (Newton), Brookline Plaza (Brookline), Horn Pond Plaza (Woburn), Norwood Plaza (Norwood), Porter Square Shopping Center (Cambridge), Sudbury Plaza (Sudbury), Waltham Plaza (Waltham) and Wellesley Plaza (Wellesley). Additionally, it includes one asset in Rhode Island: Pontiac Avenue Plaza (Cranston).