Framingham Shopping Complex Sold
An 80,000-square-foot shopping plaza at 235 Old Connecticut Path in Framingham that is anchored by a Stop & Shop supermarket has been sold for $23.2 million, according to real estate tracking firm The CoStar Group.
John O'Neil, managing partner with Newton-based National Development, confirmed that the company sold the property. State records indicate that Old Connecticut Path LLC, which CoStar listed as the seller, is linked to National Development.
"We felt it was the right time (to sell the property)," said O'Neil, who would not confirm the $23.2 million purchase price.
National Development has numerous other commercial, industrial and residential holdings across not only MetroWest, but further east along the Interstate 95 corridor as well.
CoStar listed the buyers as a joint venture between Florida-based Equity One Inc. and New York Common Retirement Fund. O'Neil confirmed that Equity One Inc. was involved in the deal.
O'Neil said National Development has owned the property since it was built 16 years ago.
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