
Grocery-Anchored Center Sold to Capital Group Properties
A Big Y supermarket-anchored shopping center in Southbridge that’s maintained 100 percent occupancy for a decade was acquired by a Massachusetts retail developer for $11.1 million.
A Big Y supermarket-anchored shopping center in Southbridge that’s maintained 100 percent occupancy for a decade was acquired by a Massachusetts retail developer for $11.1 million.
Stop & Shop has announced it will be closing 32 underperforming stores by the end of the year, including eight in Massachusetts.
A Quincy shopping plaza at 130-132 Granite St. has sold to a local developer after being included in an expansion of city officials’ downtown development plans.
A grocery-anchored retail property in Saugus has been acquired by a partnership of The Grossman Companies of Quincy and Boston-based North Colony Asset Management.
Commercial real estate investors are seeking safe havens in sectors such as grocery-anchored shopping centers as they gauge the depth and duration of the economic crisis brought on by the COVID-19 outbreak.