July 29, 2019 Comments Off on Acadia Realty Acquires Rhode Island Retail Center for $55M Views: 594 Boston New England News, New England, Top Boston

Acadia Realty Acquires Rhode Island Retail Center for $55M

Acadia Strategic Opportunity Fund V, a fund managed by Acadia Realty Trust, has acquired Lincoln Commons, a 578,790-square-foot, grocery-anchored retail center in Providence for $55.7 million.

Located at the intersection of I-295 and Route 146, the center is eight miles from downtown Providence. The tenant roster at the center includes Stop & Shop, Target, Marshalls and HomeGoods.

Nat Heald and Chris Angelone of JLL’s Retail Capital Markets team represented the seller, Highlands REIT, in the transaction.

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