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Springfield Shopping Center Sold For $9.8M

Sep 10, 2014 | Reprints | Print

BostonCommonsRd Retail Properties of America Inc. has sold the 103,393-square-foot Boston Commons shopping center in Springfield to Cole Credit Property Trust IV for $9.8 million.

The center, located on a 12-acre parcel along Boston Road, is anchored by Kohl’s and CVS Pharmacy. The buyer is an affiliate of Phoenix-based Cole Capital, the private capital arm of American Realty Capital Properties.

Cushman & Wakefield’s Rob Griffin, Geoffrey Millerd and Justin Smith represented Retail Properties of America in the transaction.

"The asset has been meticulously maintained by an active institutional owner, which is evident by the property’s physical condition and long-term investment-grade anchor tenants," Smith said in a statement.

Commercial