Inland Real Estate Group Acquires Retail Portfolio In Peabody, Arlington, And Lexington For $295M

The retail property located at 19 Howley St, 905 Massachusetts Ave, 35 Bedford St, 55 Long Pond Dr, 469 Pleasant St, 595 Smithfield Rd, 446 Putnam Turnpike, 333 W. River St, 1391 Main St, 195 West St, & 15 Franklin St was sold in a transaction. The property is situated in Peabody, Arlington, Lexington, South Yarmouth, Attleboro, MA, North Smithfield, Greenville, Providence, RI, Willimantic, Cromwell, Seymour, CT. The property has a total area of 748,141 square feet and was sold for a price of $295,000,000, resulting in a price per square foot of $394.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $295,000,000
• Seller: Winstanley Enterprises - David Winstanley & Surrey Equities - Edward Silvera
• Buyer: Inland Real Estate Group of Companies, Inc. - Daniel L. Goodwin
• Brokers: Nat Heald, Jose Cruz, Chris Angelone, & Matthew Sherry - JLL

The sale of the property was facilitated by brokers Nat Heald, Jose Cruz, Chris Angelone, and Matthew Sherry from JLL. These key individuals and companies played a crucial role in the transaction, representing the seller, Winstanley Enterprises and Surrey Equities, and the buyer, Inland Real Estate Group of Companies, Inc. The deal was successfully closed, resulting in the sale of the retail property.