CBRE has successfully facilitated the sale of Riverway Plaza, a 250,000-square-foot retail center in Weymouth, MA for $23 million. The property was acquired by an Institutional Investor from CBRE Investment Management. Led by Nat Heald and Jordana Roet, the CBRE team expertly managed the marketing process and represented the seller.
According to Heald, there is a growing demand for shopping center opportunities in this region. Riverway Plaza garnered significant interest due to its strong tenant lineup, below-market rents and prime location within metro-Boston.
Situated just 12 miles from downtown Boston on 23 acres overlooking Hingham Bay and Boston Harbor, Riverway Plaza boasts Lowe’s Home Improvement as its anchor tenant. Other notable tenants include Michael’s Dollar Tree Papa Gino’s and Staples.
