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57,000-SF Shopping Center Sells for $6M

BOURNE, MA-C&S Wholesale Grocers sells the Bourne Shopping Center to Eastern Development LLC for just under $5.8 million. The 56,713-sf property, located at 170 Clay Pond Rd., is anchored by a 36,325-sf Grand Union Family Market.

By Naomi Grossman | Updated on October 03, 2004

BOURNE, MA-C&S Wholesale Grocers sold the Bourne Shopping Center to Eastern Development LLC for nearly $5.8 million. The 56,713-sf retail property is located at 170 Clay Pond Rd.

B. William Moylan, senior vice president/partner and Chris Angelone, vice president of CB Richard Ellis’ northeast retail investment team, and Robert Gibson, first vice president/ partner represented the seller and procured the buyer in the transaction. “Bourne Shopping Center is a great acquisition for Eastern Development in a market with extremely high barriers to entry,” notes Moylan, “and the seller, C&S Wholesale Grocers, was able to capitalize on the demand for retail properties in New England.”

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