CBRE Investment Management Sells Riverway Plaza Retail Center In Weymouth For $23M

Riverway Plaza, a 250,000-square-foot retail center located on Bridge Street in Weymouth, MA, was sold for $23 million. The property, anchored by Lowe’s and housing tenants like Michael's and Dollar Tree, attracted strong interest for its prime metro-Boston location and below-market rents.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,000,000
• Address: Bridge Street
• Market: Weymouth, MA
• Square Footage: 250,000
• Price per Square Foot: $92
• Seller: CBRE Investment Management
• Brokers: Nat Heald & Jordana Rice Roet - CBRE

Nat Heald and Jordana Rice Roet from CBRE facilitated the sale of Riverway Plaza to an institutional investor, emphasizing its appeal due to the prominent location in metro Boston and the advantageous rental rates offered by the property.