Waltham-based Crosspoint Assoc. has acquired the 49,561-square-foot Cohasset Village Plaza retail property from Black Creek Capital of Denver.

The property on Route 3A is anchored by Curtis Liquors, CVS and Starbucks. Newmark Grubb Knight Frank’s Geoff Millerd, Justin Smith and Christian Brannelly represented the seller; the sale price was $13 million.

“Situated within Boston’s exclusive South Shore, Cohasset is an extremely difficult market within which to pursue new commercial developments,” Smith said in a statement. “This high barrier-to-entry location, combined with Cohasset Village Plaza’s strong tenant roster, generated a competitive process for the asset with a number of interested bidders.”

Berkshire Bank provided $10.8 million in mortgage financing.

The 3- and 5-mile trade areas have average annual household incomes of $173,600 and $156,900, respectively.

Crosspoint Acquires Cohasset Retail Plaza

by Banker & Tradesman time to read: <1 min
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