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.
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