JRW Realty Closes $53 Million Transaction on Stop & Shop Property Outside of Boston Area

PASADENA, Calif.--(BUSINESS WIRE)--JRW Realty is pleased to announce that it has closed on the transaction of a $53.45 million 102,060-square-foot single-tenant grocery store in Andover, MA. The property sourced by the company is tenanted by a Stop & Shop grocery store, which is a wholly owned subsidiary of Ahold Delhaize.

JRW Realty advisor Leanna Tatikian facilitated the all-cash transaction of the property under the guidance of Melinda Marston, president of single-tenant net lease. NNN Properties represented the seller in the transaction.

JRW Realty is exclusively engaged by large, all-cash buyers that are actively seeking to acquire grocery-anchored multi-tenant shopping centers and individual net-leased properties backed by essential businesses with creditworthy metrics. The clarity of JRW Realty’s clients’ strict acquisition criteria, the firm’s streamlined transaction processes, and its clients’ readily accessible balance sheet capital enable JRW Realty’s buyers to close transactions in as short as 30 days after going under contract.

About JRW Realty

JRW Realty is a commercial real estate brokerage firm that has closed over $3 billion in transactions across over 800 properties on behalf of its clients. JRW Realty's team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 3-4% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.