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Easton Retail Plaza Sold For $22.25M

Jul 21, 2015 | Reprints | Unlock Link | Print

Phillips Edison & Co. of Cincinnatti has acquired Highlands Plaza in Easton from Boston-based Samuels & Assoc.

The 112,869-square-foot plaza at the junction of Routes 123 and 106 sold for $22.25 million. Built in 2004, it is 94 percent leased.

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

“Located in Metro Boston, Highlands Plaza serves as a dominant retail shopping center in a trade area with limited nearby grocery options and high barriers to entry, making the asset very appealing to Edison,” Cushman & Wakefield Executive Vice President Geoffrey Millerd said in a statement.

Commercial & Industrial