Monday, October 17, 2016

Phillips Edison Paying CWCapital Near $40M for Hanover Mall

An Ohio-based REIT already active in Massachusetts is growing its Bay State footprint with a purchase of the enduring Hanover Mall in a deal slated to be finalized this week, industry watchers are telling Real Reporter. The 732,000-sf regional shopping center on 105 acres at Exit 13 of Route 3 is a Newmark Capital Markets exclusive assignment conducted on behalf of seller CWCapital in a transaction expected to deliver nearly $40 million.. . . more

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