Developer sells second phase of East Coast mall

Spaulding & Slye negotiated the sale of Taunton Crossing, a new 84,482-square-foot retail center in Taunton, Mass.

The value of the transaction was approximately $18.3 million.

Taunton Land Development LLC sold the property to San Francisco-based RREEF, a national real estate investment advisor.

The property is located at the intersection of Route 24 & Route 140 and is fully pre-leased to nationally recognized tenants such as: TJ Maxx, Office Depot, Michaels and Pier One. It is connected to the first phase of Taunton Crossing, which includes nationally recognized restaurant tenants Olive Garden and Smokey Bones Restaurants.

Spaulding & Slye, a member of the Jones Lang LaSalle group, is a commercial real estate services and investment company.

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