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The Rainier Corporations Sells Colony Place in Plymouth, MA

DALLAS, TEXAS— The Rainier Corporations, a nationwide industrial actual property funding agency headquartered in Dallas, introduced the disposition of Colony Place, a 393,566-square-foot Class A regional purchasing middle in Plymouth, MA.

Rainier bought the purchasing middle in 2020 as a part of its grocery-anchored retail technique. Over the last 4 years, the administration workforce upgraded the tenant roster, elevated occupancy, and offered a number of separate parcels.

“We’re happy with the end result of our funding in Colony Place and teaming with Invoice Lawler and his administration workforce at KeyPoint Companions. With their assist, our asset administration professionals elevated lease phrases and occupancy and spent the required capital to make the purchasing middle an much more enticing residence to tenants in Plymouth and all through Southern Massachusetts,” mentioned Danny Lovell, president and CEO of The Rainier Corporations.

The dominant middle is on the crossroads of Route 3 and Route 44, the first intersection connecting Boston to southern Massachusetts and Cape Cod. The property is grocery-anchored by Aldi and shadow-anchored by Walmart Supercenter. The middle contains nationwide credit score tenants akin to Greatest Purchase, Dick’s Sporting Items, Burlington, Michaels, TJ Maxx, Ulta Magnificence and extra.

The Rainier Corporations shouldn’t be disclosing particulars relating to the client or monetary points of the sale.

The submit The Rainier Companies Sells Colony Place in Plymouth, MA appeared first on Boston Real Estate Times.