Framingham Shopping Plaza Sold For $23.2M
A Florida-based real estate investment trust has purchased Old Connecticut Path Marketplace in Framingham for $23.2 million.
Equity One Inc., which trades on the New York Stock Exchange as EQY, purchased the 80,198-square-foot center from Newton-based National Development Associates of New England, according to the Southern Middlesex Country Registry of Deeds. Equity One made the purchase in partnership with the New York Common Retirement Fund, a public pension plan with more than 1 million members.
The shopping center, which is located just off the Massachusetts Turnpike, is anchored by a Stop & Shop supermarket.
Equity One CEO Jeff Olson said in a statement that the property is his company's seventh shopping center in the Greater Boston market. The company has interests in 176 shopping centers around the country.
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