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Friday, May 18, 2012 Retail
Cushman & Wakefield's Capital Markets Group represented The Flatley Company in the sale of the Flatley Company Retail Portfolio to a joint venture between O'Connor Capital Partners of New York and The Wilder Companies of Boston for $510 million on May 1. The portfolio includes 10 properties and more than 2.5 million square feet of retail space. Cushman & Wakefield also procured the buyer and used Real Capital Markets to market the transaction. The Portfolio is spread evenly with five centers in both Massachusetts and New Hampshire. The properties have an average occupancy rate of 96 percent and include a variety of tenants from "big box" centers to community-oriented retail centers, such as Wal-Mart, Home Depot, Stop & Shop, Shaw's Supermarkets, Lowe's Home Improvement, Kohl's, Marshalls, Sears, The Sports Authority, Dick's Sporting Goods, Borders, CVS and Walgreens. The centers are located in Dedham, Medfield, Canton, Falmouth and Hyannis in Massachusetts and Nashua, Merrimack, Portsmouth, Rochester and Belmont in New Hampshire. Cushman & Wakefield is the world's largest privately held real estate services firm and has 175 offices in 50 countries around the world. O'Connor Capital Partners is a privately held, independent real estate investment firm focused on principal investing through private equity funds. The Wilder Companies specialize in the development and positioning of retail properties. Here is a detailed list of the properties in the portfolio. Address: Ten locations in Massachusetts and New Hampshire Size: 2,504,008 square feet Built: Varied Filed Under: Retail E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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