News: Retail

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."
Tags: Retail
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