ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center – Robert Khodadadian
ShopOne Centers REIT, in partnership with Pantheon and aM institutional investor, has entered Massachusetts with the acquisition of Heritage Park Plaza.
The shopping center, anchored by Stop & Shop, spans 117,337 square feet in East Longmeadow near Springfield. The plaza boasts high occupancy and a tenant mix, including national retailers like Petco, Panera, and Dollar Tree.
“With its significant barriers-to-entry for new development, demonstrated tenant success and established retail trade areas, New England will continue to be a target market for us, and we are very pleased to now have a presence in this region,” said Chris Reed, chief investment officer at ShopOne. Heritage Park Plaza marks the JV’s 12th grocery-anchored acquisition since March 2022, with a total investment capacity exceeding $1 billion.
The post ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center appeared first on Connect CRE.
ShopOne Centers REIT, in partnership with Pantheon and aM institutional investor, has entered Massachusetts with the acquisition of Heritage Park Plaza. The shopping center, anchored by Stop & Shop, spans 117,337 square feet in East Longmeadow near Springfield. The plaza boasts high occupancy and a tenant mix, including national retailers like Petco, Panera, and Dollar …
The post ShopOne, JV Partners Enter MA with Acquisition of East Longmeadow Shopping Center appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate