The shopping plaza located at 130-132 Granite St. in Quincy, Massachusetts has been acquired by The Grossman Companies, Inc. (TGCI) for a total of $41.5 million. Spanning over 7 acres and featuring popular retailers such as Star Market and Walgreens, this property holds significant historical value for the Grossman family who originally owned it through their company, Grossman’s Lumber.
Nat Heald of CBRE’s New England Retail Investment Sales facilitated the sale and commented on the high demand for well-positioned supermarket properties in metro-Boston.
This recent transaction highlights the strong market demand for prime retail spaces in Boston with an active voice from Nat Heald of CBRE stating that “the sale reflects tremendous ongoing interest in strategically located supermarket properties within metro-Boston.”
