December 4, 2019
JLL has arranged the $24.1 million sale of Wonderland Marketplace, a 139,507-square-foot, fully leased shopping center anchored by Marshalls, Big Lots and Planet Fitness in Revere.
Situated on nearly 16 acres at 151 VFW Parkway, Wonderland Marketplace is adjacent to the newly-remodeled MBTA Blue Line Wonderland Station, which provides direct access to downtown Boston less than five miles away. The retail center is in an infill location proximate to the area’s largest development projects, which includes more than 900 new multi-housing; over 1,100 new hotel rooms; and a pending development at Suffolk Downs, which will house nearly 16 million square feet of office, retail, hotel and multi-housing space once fully built-out on its 161 acres.
Nat Heald and Chris Angelone of JLL represented the seller, a partnership between Winstanley Enterprises and Surrey Equities, in the transaction. Urban Edge Properties acquired the center.
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