870-890 Providence Highway

JLL Capital Markets has been retained as exclusive advisor for the sale of 870 - 890 Providence Highway, a fully leased, +/- 25,490 SF unanchored strip center located in Dedham, MA and adjacent to Legacy Place, New England's #1 most visited grocery-anchored lifestyle center. Situated on two tax parcels, the Property is anchored by top national tenants including Mattress Firm, Sherwin Williams, Jos. A. Bank, a brand new Carpet One lease and a hard corner pad site leased to LensCrafters. Nearly all tenants have contractual annual increases with a CAGR above 3.5% and a WALT of 5.4 years providing stable and growing cash flow in a highly sought after market with substantial institutional retail ownership.

870-890 Providence Highway is situated directly adjacent to Legacy Place, a +/- 580,000 SF lifestyle center anchored by the #5 Whole Foods in the United States as well as the #2 Apple Store in New England. Legacy Place creates an unrivaled retail environment driving strong tenant demand and foot traffic to the area with over 6.3 million visitors in the last 12 months. This immense drawing power has significantly increased the retail trade area and overall market reach, directly benefiting 870–890 Providence Highway and expanding its influence well beyond that of a typical unanchored strip property. This presents the Property to a broader consumer base and an expansive trade area of nearly 1.25 million people with average household incomes approaching $180,000 within a 10-mile radius.