Grossman & North Colony Acquire Retail Property In Saugus, MA For $39.5M

A retail property located at 180 Main St in Saugus, MA has been sold for a transaction amount of $39,500,000. The property spans across 165,800 square feet with a price per square foot of $238. The sale was completed on January 20, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $39,500,000
• Address: 180 Main St, Saugus, MA
• Market: Saugus, MA
• Buyer: Grossman Companies, Inc & North Colony Asset Management
• Seller: Federal Realty Investment Trust
• Seller's Representative: Nat Heald, Chris Angelone & Zach Nitsche - JLL Capital Markets

The successful transaction involved the active participation of the buyer, Grossman Companies, Inc & North Colony Asset Management, and the seller, Federal Realty Investment Trust. The seller's representatives from JLL Capital Markets, Nat Heald, Chris Angelone, and Zach Nitsche, facilitated the deal. This noteworthy transaction demonstrates the strong market demand for retail properties in Saugus, MA.