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| Fairhaven Commons, 2-42 Fairhaven Commons Way, Fairhaven, MA |
BOSTON, MA – HFF announced today that it has closed the sale
of Fairhaven Commons, a 212,393-square-foot shopping center in Fairhaven,
Massachusetts, for $23.8 million.
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| James Koury |
HFF
exclusively marketed the property on behalf of the seller, Heyman
Properties.
Fairhaven Commons is strategically located at 2-42 Fairhaven Commons Way
in close proximity to major local and regional thoroughfares, including State
Routes 6 and 240, and Interstate 195.
At the time of sale, the property, which was completed in
1989, was 93 percent leased, to primarily national retailers including anchor
tenants Walmart and Marshalls.
Additional tenants include Sears Hardware, Ocean State Job Lot, GNC and
Wendy’s.
 |
| Benjamin E. Sayles |
The
HFF team representing the buyer was led by senior managing director James
Koury and director Ben Sayles.
“This center will provide the buyer with a secure, long-term
cash flow generated by Walmart and Marshalls,” said Koury. “Necessity retail has been at the top of
investors’ acquisition criteria for a while and Fairhaven Commons fits the bill
perfectly.”
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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