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American Realty Advisors Acquire Recently Developed Shopping Center

WESTWOOD, MA—The Glendale, CA-based institutional real estate investment management firm, acquired the property from Westwood Marketplace Holdings LLC, whose lead partners are New England Development and Eastern Real Estate.

By John Jordan | johnjordan | Updated on August 18, 2016

The shops at University Station is anchored by Wegmans. The shops at University Station is anchored by Wegmans. Credit: Gene St. Pierre

WESTWOOD, MA—American Realty Advisors has acquired the recently constructed shops at University Station retail center here for $206 million.

The Glendale, CA-based institutional real estate investment management firm acquired the property from Westwood Marketplace Holdings LLC, whose lead partners are New England Development and Eastern Real Estate. The shops at University Station is anchored by Wegmans and shadow anchored by Target and Lifetime Fitness. The complex, which opened in March 2015, is also currently occupied by national tenants Nordstrom Rack, Marshalls, and PetSmart.

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