East Coast shopping center sold

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.

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