Stop & Shop in Greater Boston sells

BOSTON, Sept. 27, 2022 – JLL Capital Markets announced today that it facilitated the sale of a 59,519-square-foot Stop & Shop in Norwell, Massachusetts to the Bailard Real Estate Fund.

JLL represented the seller in the transaction. This represents the second acquisition of a Stop & Shop center in the greater Boston area for Bailard.

Stop & Shop is the dominant supermarket operator in New England by both total volume and store count. Founded in 1914, the company currently operates over 400 locations in the U.S. and around 126 locations in Massachusetts. Stop & Shop is a division of Ahold Delhaize USA, Inc., which, as a combined entity, operates over 2,000 grocery stores and posted 2021 net sales of $45.5 billion, making it the third largest grocery operator in the United States.

Situated at 468 Washington St., the property is located approximately 20 miles south of Boston. The store’s location off of Pilgrims Highway (Route 3) provides customers easy connectivity to and from the area.

“Stop & Shop is a premier supermarket operator in the market, evidenced by its robust sales. We were eager to add this location to our portfolio for its attractive location and cash flow yield,” said Tess Gruenstein, Senior Vice President of Acquisitions and Portfolio Management at Bailard.

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Director Nat Heald.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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The Bailard Real Estate Fund is an actively-managed open-end, core equity real estate vehicle with a strategy to maintain and grow a portfolio of high-quality assets diversified across property types, major U.S. metro areas, and investment life cycles. As of June 30, the Fund’s Gross Asset Value was $1.5 billion, invested in 32 properties across 20 U.S. markets. An independent firm since its founding in 1969, Bailard stands committed to its values and, most importantly, its clients.

Disclosures: Bailard, Inc. (“Bailard”) is the investment and operating manager of the Bailard Real Estate Investment Trust, Inc. (the “Bailard Real Estate Fund”); Bailard receives annual fees from the Fund, which are based on the Net Asset Value. The Fund invests primarily in real estate and, as a result, an investment in the Fund entails significant risks that are customarily associated with the development and ownership of income-producing real estate, including illiquidity, changes in supply and demand, and inexact valuation. The Fund’s shares fluctuate in value and may be illiquid due to a lack of redemption, the lack of a secondary market, and restrictions on transfer. Fees and expenses may offset the return on the investment. The Fund may be leveraged. For a more thorough discussion of the fees and the risks involved in making an investment in the Fund, please refer to its Offering Memorandum. An investor in the Bailard Real Estate Fund must be an “accredited investor” as defined in Regulation D and provide documentation verifying such status as requested by the Fund. Specific investments described herein do not represent all investment decisions made by Bailard. The reader should not assume that investment decisions identified and discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future. Past performance is no indication of future results. All investments have the risk of loss.