NAI Hunneman Brokers $2.63 Million Sale of Needham Retail Strip Center
Ross & Barroso Represent Seller in Sale of a Coveted Great Plain Avenue Retail Strip Center
BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $2.63 million sale of a 8,606 SF retail strip center located at 916-932 Highland Avenue in the heart of Needham Center to Alphi LLC.
Executive Vice President David N. Ross, assisted by Sales Associate Gina Barroso represented the seller MMM Property LLC.
“Needham Center has always been a sought after retail destination with strong demographics,” said Ross. “Along with location, the seller did a great job redeveloping this site into a first class retail asset, with a quality tenant roster which made this an appealing opportunity to local investors.”
916-932 Great Plain Avenue is located within the heart of Needham Center’s bustling retail district. Within three miles of the site there are almost 4,000 businesses employing over 50,000 people, and Great Plain Avenue through Needham Center sees close to 9,000 cars per day.
The property is home to two first class retail tenants and offers easy access to both public transportation via the commuter rail, as well as Route 128 which connects to Interstates 95, 93 & 90 (The Massachusetts Turnpike) making Downtown Boston, Logan International Airport and destinations north, south, and west well within reach.
About NAI Hunneman:
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network please visit www.naihunneman.com.