News: Retail
Posted: November 28, 2014
KeyPoint Partners sells West Plymouth Square for $7 million
The investment sales team at KeyPoint Partners, LLC has completed the sale of West Plymouth Square, according to Jonathan Aron, vice president of investment sales. KeyPoint Partners represented the seller. The buyer was procured by Michael Scanio of Cambridge Capital Advisors. The sale price was $7 million.
West Plymouth Square is a 127,847 s/f shopping center located at the confluence of Rte. 44 (Carver Rd.) and Rte. 80 (Plympton Rd.). The center is anchored by Ocean State Job Lot and Planet Fitness. Other key tenants include Dollar Tree, Papa Gino's, Eastern Bank, and Plymouth Liquors.
"West Plymouth Square provides both a stable income stream and the opportunity for significant value creation," Aron said. "The property provides the new owner with compelling future capital appreciation potential."
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