REAL ESTATE

KeyPoint Partners closes eight deals

BY Michael Fickes

Burlington, Mass. — The investment sales team at KeyPoint Partners has completed the sale of eight properties throughout New England. Totaling about 440,000 sq. ft., the properties consist of shopping centers, mixed-use and single-tenant buildings in Massachusetts, Rhode Island, New Hampshire and Connecticut. The aggregate price of the properties was in excess of $30 million. The properties include:

• Shaw’s Plaza, a 121,660-sq.-ft. shopping center in Providence, R.I.

• Colony Mill Marketplace, a 112,000-sq.-ft. mixed-use property in Keene, N.H.

• The Center at Keene, a 100,000-sq.-ft. mixed-use property in Keene, N.H.

• Norfolk Commons, a new development anchored by a 14,409-sq.-ft. freestanding Walgreens in Norfolk, Mass.

• Lakeview Shopping Center, a 36,250-sq.-ft. neighborhood shopping center in Dracut, Mass.

• A 5,610-sq.-ft. building fully leased to Sleepy’s and Supercuts in Salem, Mass.

• 8 Brookside Road, a 40,000-sq.-ft. industrial facility in Westford, Mass.

• A 6,889-sq. ft. Advance Auto Parts, in Groton, Conn.

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REAL ESTATE

Simon outlet center in Clarksburg, Md., approved

BY Michael Fickes

Indianapolis — Simon Property Group has received zoning approval from the Montgomery County Council in Maryland by unanimous vote for the development of Clarksburg Premium Outlets at Cabin Branch.

Simon Property Group, New England Development and Streetscape Partners make up the development team for the project, which will add 1,500 jobs and more than $150 million in private investment to the local economy. The development team is planning to open Clarksburg Premium Outlets by late 2015.

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REAL ESTATE

Rent-A-Center opens stores in California, Mississippi

BY Dan Berthiaume

Plano, Texas – Rent-A-Center has opened its newest locations in Panorama City, Calif., and Corinth, Miss. Rent-A-Center operates 162 stores in California and 37 stores in Mississippi.

The retailer also operates more than 3,000 stores in the U.S., Puerto Rico, Canada and Mexico. It employs more than 21,000 workers.

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