East Coast shopping center sold

Video rental service retains space

Spaulding & Slye Colliers and Prospect Properties brokered the sale of a 126,000-square-foot shopping center in North Reading, Mass. The value of the transaction was $16.5 million. NR Plaza LLC sold North Reading Shaw's Plaza Shopping Center, located on Route 28/Main Street, to Federal Realty Investment Trust. Shaw's Supermarket anchors the property, which includes tenants such as Blockbuster Video and Sears Hardware. Spaulding & Slye Colliers is an international commercial real estate services company. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....

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