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.
In This article
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Marshalls
80 Main St, North Reading, MA -
Dollar Tree Stores
72 Main St, North Reading, MA -
Citizens Bank
72 Main St, North Reading, MA
Danielle Masterson
3:12 pm on Thursday, January 24, 2013
I wonder if this means more retailers coming to the plaza. There are a couple of empty spaces there.
Anthony Martinez
3:12 pm on Thursday, January 24, 2013
Ocean State Job lots! Welcome! We need another Dunkin Donuts and a Pizza place too! Throw in a nail salon too!
Danielle Masterson
3:14 pm on Thursday, January 24, 2013
Well, realistically, none of the open spaces are big enough for Ocean State. :) But maybe a smaller shop. A Starbucks, maybe? A Panera? I am pretty sure this is the same company that just purchased the Woburn Mall.
Les Masterson
3:19 pm on Thursday, January 24, 2013
I vote for a Moe's Southwestern Grille!
Jim Pothier
3:22 pm on Thursday, January 24, 2013
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
3:25 pm on Thursday, January 24, 2013
That'd be great! Think it has enough room for that?
Laurie Eldredge
4:46 pm on Thursday, January 24, 2013
How about a small local business instead of a chain?
Danielle Masterson
5:22 pm on Thursday, January 24, 2013
Most definitely, Laurie! What kind would you like to see there?
Helen Gray
8:33 am on Thursday, February 14, 2013
I would love to see Panera Bread go in the plaza.