The Grossman Companies, Inc. and North Colony Asset Management acquired 165,800-sqft Saugus Plaza Shopping Center in Boston suburb of Saugus, Massachusetts from Federal Realty Investment Trust (NYSE:FRT) for $39.5 million on December 13, 2021. Nat Heald and Chris Angelone of JLL Capital Markets represented Federal Realty Investment Trust and arranged the sale.

The Grossman Companies, Inc. and North Colony Asset Management completed the acquisition of 165,800-sqft Saugus Plaza Shopping Center in Boston suburb of Saugus, Massachusetts from Federal Realty Investment Trust (NYSE:FRT) on December 13, 2021.