According to Edward C. Maher, Jr. of Cushman & Wakefield's financial services group, both transactions involved closed-in funds for two separate clients. For the 226,021-sf center here, TA Associates and the Estate of James Campbell sold to Lend Lease Real Estate Investments. In Warwick, TA Associates and Alecta, a Swedish-based fund sold the 144,264, sf center to an undisclosed buyer. "They were selling a number of assets," Maher Tells GlobeSt.com. "This was part of their strategy.

In a released statement, Robert E. Griffin Jr., president of the New England area for Cushman & Wakefield, says that a dozen offers were made on each asset, which, notes Maher, testifies to the strength of this market. "In today's market, getting three or four offers is a victory," he points out. "Twelve offers is good. Food-anchored centers are very popular right now."

The center here is located on Route 132 and is 94% leased with its anchor tenants including Star Market, Toys "R" Us, HomeGoods, PETsMART and Old Country Buffet. The center in Warwick is located on Route 2 and is fully leased to tenants such as Super Stop & Shop, Fabric Place, Colonial Candle, Christmas Tree Shop, Babies R' Us and A.C. Moore.