Aug
18
American Realty Advisors Grabs Boston-Area Retail Center
ByThe company paid $206 million to acquire the 400,000-square-foot University Station.
University Station, Boston
Boston—University Station’s strategic location is among the reasons cited by executives with American Realty Advisors for acquiring the 400,000-square-foot- retail center in a Boston suburb for $206 million from Westwood Marketplace Holdings LLC.
The retail center is a newly constructed asset within a 130-acre live/work/play development in Westwood, Mass., with 2.1 million square feet of retail, residential, office and hospitality uses. The retail portion of University Station is anchored by a Wegmans supermarket, Target and Lifetime Fitness. Other national tenants include Nordstrom Rack, Marshalls and PetSmart…
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