Regency Centers Corp Acquires Longmeadow Shops In Western Massachusetts For $30.4M
690 Bliss Road
$30,400,000
Building Size
—
Asset Type
Retail
Closing
Dec 1, 2023
AI
The Longmeadow Shops, a 62-year-old commercial center located at 690 Bliss Road in Longmeadow, MA, has been sold for $30.4 million. The 10-acre retail property was acquired by Regency Centers Corp., a national property owner headquartered in Florida, from Steven Walker, represented by Grove Real Estate.
Summary of transaction details
- Property Type: Retail
- Sale Price: $30,400,000
- Address: 690 Bliss Road, Longmeadow, MA
- Market: Longmeadow, MA
- Buyer: Lisa Palmer - Regency Centers Corp
- Seller: Steven Walker - Grove Real Estate
Regency Centers Corp., a national property owner based in Florida, has acquired the Longmeadow Shops, an aging commercial center in Western Massachusetts. The deal was completed for a price of $30.4 million, with the property spanning 10 acres. Steven Walker, represented by Grove Real Estate, acted as the seller of this retail asset.
Longmeadow Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93