{"id":1004201139,"date":"2017-12-19T10:45:49","date_gmt":"2017-12-19T18:45:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201139"},"modified":"2022-12-09T02:33:45","modified_gmt":"2022-12-09T10:33:45","slug":"nkf-brokers-sale-of-boston-area-retail-plaza","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-brokers-sale-of-boston-area-retail-plaza\/","title":{"rendered":"NKF Brokers Sale of Boston-Area Retail Plaza"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004201140\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201140\" data-attachment-id=\"1004201140\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nkf-brokers-sale-of-boston-area-retail-plaza\/cohasset-village-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg\" data-orig-size=\"992,744\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1513676055&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Cohasset Village Plaza\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg?w=992\" class=\"wp-image-1004201140 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg\" alt=\"Cohasset Village Plaza\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg 992w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Cohasset-Village-Plaza-e1513674397888.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201140\" class=\"wp-caption-text\">Cohasset Village Plaza<\/p><\/div>\n<p>Newmark Knight Frank (NKF) Capital Markets has arranged the sale of Cohasset Village Plaza in Cohasset, Mass. Crosspoint Associates purchased the retail asset from Black Creek Capital.<\/p>\n<p>The shopping center encompasses 49,561 square feet and is situated along Route 3A, a significant retail corridor for the coastal communities south of Boston. CVS, Curtis Liquors and Starbucks are anchor tenants. For CVS, the property\u00a0represents an important location, as the retailer&#8217;s nearest stores are around\u00a0ten miles from the site.<\/p>\n<h2>Strong Tenant Roster<\/h2>\n<p>The NKF Capital Markets team in the firm&#8217;s Boston office\u2014including Executive Managing Director Geoffrey Millerd, Managing Director Justin Smith and Financial Analyst Christian Brannelly\u2014handled the transaction on behalf of the seller.<\/p>\n<p><em>\u201cSituated within Boston\u2019s exclusive South Shore, Cohasset is an extremely difficult market within which to pursue new commercial developments,\u201d<\/em> said Smith, in prepared remarks. <em>\u201cThis high barrier-to-entry location, combined with Cohasset Village Plaza\u2019s strong tenant roster, generated a competitive process for the asset with a number of interested bidders.\u201d<\/em><\/p>\n<p>Earlier this month NKF arranged the $27 million sale of\u00a0a\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-27m-retail-sale-in-nh\/\">retail portfolio<\/a> in West Lebanon, N.H., comprising three shopping centers.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cohasset Village Plaza is located south of Boston, along Route 3A, which connects several coastal communities along a highly trafficked retail corridor. <\/p>\n","protected":false},"author":739,"featured_media":1004201140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21783,21742,10,21749],"tags":[38162,35554,36007,35553],"class_list":["post-1004201139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-black-creek-group","tag-cvs-pharmacy","tag-newmark-knight-frank","tag-starbucks"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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