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Rreef Grabs Fashion Crossing With $28M Bid

NORTH ATTLEBORO, MA-A well located shopping plaza brought out more than 15 prospective buyers but Rreef's $28-million offer brought home the asset.

By Beverly Ford | Updated on November 07, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

NORTH ATTLEBORO, MA-It didn’t take long for the bidding to heat up when a 105,042-sf, fully leased community shopping center went on the market on heavily traveled Route 1 in North Attleboro. Three weeks after Fashion Crossing went on the block, more than 15 prospective buyers came with offers in hand, hoping to walk off with the prized asset. But the REITS, private buyers and institutional investors were no match for global real estate company Rreef, whose $28-million high-priced offer brought home the property’s title.

“It was a very competitive process,” Geoffrey Millerd, with Cushman & Wakefield’s Boston-based Capital Markets team, tells GlobeSt.com. “We had more than 15 offers from across the buyer spectrum.”

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