New owner completes $6.3m purchase of Wayland Village Plaza
Katz Properties is the new owner of Wayland Village Plaza, a small shoppling complex anchored by a Whole Foods Market store, following the completion of the $6.3 million purchase of the property, said the broker involved in the transaction.
The broker is NAI Hunneman, a Boston-based commercial real estate firm. NAI Hunneman said it represented the seller in the transaction, Wayland Group Realty Trust, and procured the buyer.
Wayland Village Plaza is located on Route 20, which is also known as the Boston Post Road at this point.
“Wayland Village Plaza garnered tremendous interest from multiple buyers due to Whole Foods tenancy and its performance at this location,” NAI Hunneman associate Mitch Levey said in a statement. “What also made the asset so appealing was its strategic location in Wayland, proximity to major thoroughfares, strong area demographics, and upside leasing potential.”Chris Reidy can be reached at email@example.com.