News: Retail
Posted: January 24, 2013
NAI Hunneman completes $6.3 million sale of Wayland Village Plaza
NAI Hunneman has completed the $6.3 million sale of Wayland Village Plaza, located at 297 Boston Post Rd.
The NAI Hunneman investment sales team of senior vice presidents Scott Dragos and Doug Jacoby, along with associates Sean Ryan and Mitch Levey, represented the seller, Wayland Group Realty Trust, and procured the buyer, New York-based Katz Properties.
Located on Rte. 20, Wayland Village Plaza is a 31,677 s/f retail center anchored by one of Whole Foods Markets' more successful area stores.
"Wayland Village Plaza garnered tremendous interest from multiple buyers due to Whole Foods tenancy and its performance at this location. boasting one the highest area store sales per s/f," said Levey. "What also made the asset so appealing was its strategic location in Wayland, proximity to major thoroughfares, strong area demographics and upside leasing potential."
MORE FROM Retail
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary