Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST ROXBURY, MA-A supermarket REIT will expand one of its holdings by adding 10,000 sf of retail and office space to a plaza here. Cindy Morse, executive vice president at Equity One, tells GlobeSt.com that the firm recently broke ground on an addition to the Shaw’s Plaza on 75 Spring St.

Part of that site slated to house the company’s regional office. A portion of the other space is already leased to the City of Boston Credit Union and Edible Arrangements, a firm known for its edible fruit bouquets. The addition is being built by Kay Construction Corp. of Cherry Hill, NJ.

The Miami-based REIT entered the Greater Boston market last October when it purchased a portfolio of six grocery-anchored shopping centers totaling 390,979 sf. Along with the fully occupied West Roxbury plaza, the firm also acquired two Star Markets at 699 Mount Auburn St. in Cambridge and at 130 Granite St. in Quincy. They also picked up two Shaw’s Supermarkets at 61 Locust St. in Medford and at 2260 Route 3A in Plymouth along with a Whole Foods Market at 331 Paradise Rd. in Swampscott. Morse says Equity One also is looking to acquire other properties in the Boston market as well as in Philadelphia, Baltimore and Washington, DC.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.