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| Meadown Glen Shopping Center, Boston, MA |
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| Coleman Benedict |
BOSTON, MA –– Holliday Fenoglio Fowler,
L.P. (HFF) announces the sale of Meadow Glen, an irreplaceable,
trophy-quality shopping center anchored by a high-volume Wegmans grocery store
and set just minutes from Downtown Boston.
HFF marketed the property on behalf of a private
partnership and procured the buyer, global investment manager DWS Group.
Redeveloped in 2017 by a partnership led by New
England Development and designed with today’s consumer in mind, Meadow Glen
features a high degree of curb appeal and comprises 291,860 square feet of
retail space that is 100% leased.
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| Riaz Cassum |
The center features
a dynamic tenant roster that is marked by credit and term.
In addition to
Wegmans, which occupies its space under the terms of a long-term lease, other
retailers include Kohl’s, DICK’s Sporting Goods, Marshalls and Petco, providing
investors with durable cash flow over the holding period.
Meadow Glen stands out as one of only six shopping
centers in the Boston market to be anchored by Wegmans, America’s favorite
grocery store.
The HFF investment advisory team included senior
managing directors
Coleman Benedict, Riaz Cassum and Jim Koury and
senior director Ben Sayles.
About HFF
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| Jim Koury |
HFF and its affiliates operate out of 26 offices and are a
leading provider of commercial real estate and capital markets services to the
global commercial real estate industry.
HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are
owned by HFF, Inc. (NYSE: HF).
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| Ben Sayles |
CONTACTS:
COLEMAN BENEDICT
Senior Managing Director
(617) 848-1567
KRISTEN
MURPHY
Director, Public
Relations
(617) 338-0990
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