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The Grossman Corporations Acquires Prime Quincy Retail Heart From Regency Facilities

Boston– CBRE introduced the sale of 130-132 Granite Road, a 100,000 sq. foot retail property situated in Quincy, Massachusetts. The Grossman Corporations, Inc., a family-owned actual property agency with deep-seeded native roots in Quincy, acquired the property from Regency Facilities by a TGCI affiliate.

Located on the intersection of Walter Hannon Parkway and Burgin Parkway on a 7.1 acre web site, 130-132 Granite Road is a neighborhood grocery store middle anchored by Star Market and Walgreens. Previous to Star Market’s acquisition of the property, it was owned by L. Grossman & Sons, the unique Grossman household enterprise.

Louis Grossman, the household’s patriarch, got here to the US from Poland throughout the late 1800’s. The eventual success of the salvage enterprise that Louis launched upon his arrival allowed him to deliver the remaining Grossman relations from Poland to affix him, and the household subsequently settled in Quincy. Enlisting his youngsters’s assist, Louis shaped Grossman’s Lumber, which in the end grew to function all through the East Coast as the unique “Do-It-Your self” retailer.

“We have been more than happy to be concerned on this distinctive transaction and couldn’t have requested for a smoother course of with the customer and vendor,” stated Nat Heald, the Head of CBRE’s New England Retail Funding Gross sales follow who spearheaded the advertising marketing campaign for the property and represented the vendor throughout the transactional negotiations. “This sale displays the large persevering with demand for well-located grocery store properties in metro-Boston.”

Jacob Grossman, President of TGCI and, alongside his brother David, the fifth era of Grossmans to guide the enterprise, stated: “We’re excited to personal this well-located property within the coronary heart of the Metropolis of Presidents.  Our dedication to Quincy stays sturdy, and we sit up for the continued evolution of this property over the approaching a long time.”

The put up The Grossman Companies Acquires Prime Quincy Retail Center From Regency Centers appeared first on Boston Real Estate Times.