$45M Sale of Hingham Lincoln Plaza by AEW Real Estate Investment Firm

Jumbo Capital Inc’s subsidiary recently purchased Lincoln Plaza, a grocery-anchored shopping center in Hingham, Massachusetts for $45.25 million from AEW. Spanning 127,505 square feet and boasting a 99% occupancy rate with 12 tenants, the shopping center is anchored by Stop & Shop (68,087 sq ft) and Marshalls (31,882 sq ft).
Newmark’s Boston Capital Markets Group facilitated the transaction with Robert Griffin leading the team alongside Jon Martin Paul Penman and Mathew Adler. According to Penman “High-quality retail properties remain highly sought after due to longstanding grocery store tenancy; investment grade credit; first class real estate; and dense affluent local demographics.”