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690 Bliss Road

Regency Centers Corp Acquires Longmeadow Shops In Western Massachusetts For $30.4M
SOLDRetail

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.

Players

Lisa Palmer

Regency Centers

Buyer

$804.6M

vol

12 deals

Buyer

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