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Former Sears Plaza in Ashland Sold

Feb 1, 2018 | Reprints | Unlock Link

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SVN | Parsons Commercial Group | Boston this week purchased a 31,000 square-foot property in Ashland, home to the former Sears Plaza.

The transaction includes a 5,000-square-foot free-standing building, which is located at the front of the property.

SVN | Parsons also secured a long-term deal with Habitat For Humanity – ReStore, a nonprofit home improvement store and donation center. Domino’s will remain a tenant on the end cap, while Garrett Quinn of SVN | Parsons Commercial Group will be focused on leasing the remaining retail suites.

The property was purchased for $3.5 million.

SVN | Parsons currently owns and operates the 280,000-square-foot Ledgemere Plaza, which is adjacent to 310 Pond St.

Quinn represented the buyer in the purchase. The seller was Saxon Partners, a real estate investment, development and management firm located in Hingham. Richard Diamond of The Diamond Group represented the seller.

B&T Daily