SVN | Parsons Commercial Group | Boston this week purchased a 31,000 square-foot property in Ashland, home to the former Sears Plaza.
The transaction includes a 5,000-square-foot free-standing building, which is located at the front of the property.
SVN | Parsons also secured a long-term deal with Habitat For Humanity – ReStore, a nonprofit home improvement store and donation center. Domino’s will remain a tenant on the end cap, while Garrett Quinn of SVN | Parsons Commercial Group will be focused on leasing the remaining retail suites.
The property was purchased for $3.5 million.
SVN | Parsons currently owns and operates the 280,000-square-foot Ledgemere Plaza, which is adjacent to 310 Pond St.
Quinn represented the buyer in the purchase. The seller was Saxon Partners, a real estate investment, development and management firm located in Hingham. Richard Diamond of The Diamond Group represented the seller.