The deal is indicative of the state of Greater Boston's retail market, where investors are looking to sink their money into these types of properties. The collapse of the stock market, the weak office market and the favorable debt market have all combined to make shopping centers one of the area's most appealing investments. The fact that the area's retail market remains extremely healthy with occupancy rates as high as 95% in some areas has made the properties even more attractive to investors with grocery-anchored centers considered the most valuable in the market.

Jonathan Aron, vice president, and Robert Tito, executive vice president and principal of NAI Hunneman Commercial represented the seller in the transaction.

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Retail