Dividend Capital Diversified Property Fund has acquired the South Cape Village shopping center in Mashpee from Mashpee Investors LLC for $35.45 million.

The 143,477-square-foot center is anchored by Roche Bros. supermarket. Other tenants include Marshalls, Walgreens, Olympia Sports and Santander Bank.

Cushman & Wakefield’s Robert Griffin, Geoffrey Millerd and Justin Smith represented Mashpee Investors in the transaction.

“The strong performance of the retailers at South Cape Village facilitated significant interest from the investor community and is what ultimately attracted Dividend to add the asset to its already significant portfolio on Cape Cod,” Smith said in a statement.

Denver-based Dividend Capital Diversified Real Estate owned 68 properties totaling nearly 12 million square feet at year’s end. The portfolio includes 33 retail properties totaling 3.4 million square feet.

Dividend Capital Buys Mashpee Shopping Center For $35M

by Banker & Tradesman time to read: <1 min
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