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Newmark Capital Markets<\/a> has successfully completed the sale of Bob’s Stores”,”Saugus in Saugus, Massachusetts to Ocean State Job Lot. Executive Managing Director Geoffrey Millerd<\/a>, Managing Director Justin Smith<\/a> and Financial Analyst Christopher Peterson of the Newmark Capital Markets Boston office<\/a>, which is led by U.S. Head of Capital Markets Robert Griffin<\/a>, oversaw the transaction of the premier retail offering on behalf of Taylor Saugus Limited Partnership, a joint venture between Eastern Real Estate and a partnership between Josh Katzen and Steve Tannenbaum.
Totaling 40,000 square feet, Bob’s Stores”,”Saugus is fully leased to Bob’s Stores, a regional apparel and footwear retailer. Located at the intersection of Route 1 and Main Street, the asset is uniquely positioned to draw traffic heading in either direction along Route 1, a major regional thoroughfare with limited exits.<\/p>
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