KeyPoint Partners (KPP) LLC recently negotiated the sale of Route One Marketplace, a retail property in Peabody.

Don Mace, KPP vice president of leasing, handled negotiations between the buyer and seller to close the $6.1 million sale.

The marketplace is a 68,530 square-foot strip center located at 216 Newbury St. Tenants include Work Out World, Namco, Mass Bay Hockey Center and Revival Church for the Nations. The marketplace was purchased by the owner and operator of FUNCITY and Aero Trampoline Parks, who plans to open a FUNCITY facility at the property in the spring of 2018.

“FUNCITY is rapidly expanding throughout the Northeast. We’re looking to have 18 locations secured by the end of 2018,” Mace said in a statement. “Our client will consider acquisition or leasing vacant boxes of 30,000 square feet or larger. We have several other transactions pending, but still need to secure sites in Springfield, Massachusetts, Connecticut, Vermont and New Hampshire. All submitted sites will be considered.”

Peabody’s Route One Marketplace Fetches $6.1M

by Banker & Tradesman time to read: 1 min
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