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North Reading Plaza Sold for $11.6 Million

North Reading Plaza was sold for $11.6 million to RK Centers.

According to a Boston.com article, North Reading Plaza was sold by Great Island Development to RK Centers for $11.6 million. Cushman & Wakefield represented Great Island Development in the deal, the article said.

Marshalls, the Dollar Tree and Citizens Bank occupy the plaza, which has about 154,000 square feet of retail space and is 98 percent leased, according to the article.

“Competition for well located assets in Metro Boston that have exceptional tenancy like that of North Reading Plaza provides tremendous upside for investors given the strength of the market fundamentals,” Geoffrey Millerd of Cushman & Wakefield said in the article.

Jim Pothier January 24, 2013 at 08:22 PM
It would be nice to see Walmart expand to include a supermarket to give some competition to the only other market in town.
Danielle Masterson January 24, 2013 at 08:25 PM
That'd be great! Think it has enough room for that?
Laurie Eldredge January 24, 2013 at 09:45 PM
How about a small local business instead of a chain?
Danielle Masterson January 24, 2013 at 10:22 PM
Most definitely, Laurie! What kind would you like to see there?
Helen Gray February 14, 2013 at 01:33 PM
I would love to see Panera Bread go in the plaza.

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