Private Investor Acquires Kings Plaza Retail Center In New Bedford For $14.2 Million

A retail property located at 1024 Kings Highway in New Bedford, MA, was sold for $14,200,000. The asset encompasses 168,000 square feet, resulting in a price per square foot of $85.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,200,000
• Address: 1024 Kings Highway
• Market: New Bedford, MA
• Square Footage: 168,000
• Price per Square Foot: $85

The transaction was brokered by Jordana Rice Roet and Nat Heald from CBRE. The deal was notable for the strong retail demand and the impact of falling debt costs, which contributed to the high pricing.