Ian Quint Of Brasswater Acquires Grocery-Anchored Retail Plaza In Stow Massachusetts For $16M

The transaction involved two grocery-anchored retail plazas located at 117 Great Road and 484 Station Avenue in Stow and South Yarmouth, MA. The Stow property is 90% leased, contributing to the overall value of $16,000,000 for the sale. The site in Yarmouth is anchored by a Stop & Shop and presents opportunities for redevelopment.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,000,000
• Buyer: Ian Quint - Brasswater
• Seller: Aubrey Cannuscio & Joel Kadis - Linear Retail Properties
• Brokers: Justin Smith & Sam Koonce - Atlantic Retail
• Market: Stow & South Yarmouth, MA

Brasswater, a real estate firm based in Montreal, made its first U.S. retail investment through this acquisition from Linear Retail Properties, totaling $26 million for both properties. This transaction highlights the involvement of brokers Justin Smith and Sam Koonce from Atlantic Retail, who facilitated the deal.