Plains Mall sells in Mass.

Spaulding & Slye Colliers negotiated the sale of the 92,249-square-foot Plains Mall Shopping Center in Milford, Mass.

The value of the transaction was $8.7 million.

The neighborhood grocery-anchored center is located at the intersection of Routes 109 and 116. Built in 1990, Plains Mall began major renovations in 2001 that included a new facade and the development of outparcels for several fast food restaurants and a freestanding drugstore. A 60,000-square-foot Victory Supermarket anchored the property at the time of sale. Other retail tenants include Brooks Drug, Blockbuster Video and Subway.

Estes-Sheridan Limited Partnership sold the property to L.P.L. LLC.

Spaulding & Slye Colliers Senior Vice President James M. Koury exclusively represented the seller in the transaction.

Boston-based Spaulding & Slye Colliers is an integrated real estate services company.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.