News: Retail
Posted: August 28, 2015
Gorjian of Namdar Realty Group acquires 201,425 s/f Webster Plaza
Joel Gorjian, Namdar Realty Group
Webster Plaza - Webster, MA
Webster, MA Joel Gorjian of Namdar Realty Group acquired Webster Plaza, a 201,425 s/f center in Worcester County. The center is anchored by Kmart and junior anchors Aubuchon Hardware, and Dollar Tree. The center’s tenants are a mix of national and local retailers including Radio Shack, Sally Beauty Supply, and Olympia Sports.
The center also includes a Shaw’s grocery with 9 years remaining on their initial lease. “Our current plan is either to back-fill the former Shaw’s box with a national retailer or simply to collect coupon payments for the remaining term,” said Gorjian.
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