Wilder and TA Realty Partnership Extends to 11th Center This Year – Grocery-anchored investment reaches $505 million
Published: May 23, 2022
Boston (May 23, 2022)— Building on the recent transactions of the TA Realty/Wilder partnerships in 10 supermarket-anchored centers throughout Massachusetts, Rhode Island, and Connecticut the companies are once again teaming on the recent acquisition of Falmouth Landing in Falmouth, Massachusetts.
Formerly an owner when the center was known as Falmouth Mall, Wilder is now Operating Partner of the rebranded Falmouth Landing. The Cape Cod center is a highly trafficked 273,000 SF destination center featuring Shaw’s, T.J. Maxx, HomeGoods, Michael’s and the Cape’s only Walmart. The centers is situated with excellent visibility on heavily traveled Route 28, amid Falmouth’s most dynamic commercial district. The center serves year-round and seasonal residents, as well as tourists to the Upper Cape communities and Martha’s Vineyard.
“Dominant grocery-anchored retail has proven resilient through the last 3 recessions and is a necessary component of well-balanced core portfolios,” said Brian Cosentino, Wilder’s Vice President, Acquisitions.
“We are pleased to assist our teammates at TA Realty accomplish their strategic portfolio objectives by allocating to high-quality, grocery-anchored retail assets.”
“With this acquisition we are pleased to begin executing our long-term vision of keeping this center vibrant, relevant, and successful by facilitating an overall center update, façade renovation, and reinvigorating brand refresh,” said David Mallen, Wilder principal.
Wilder is a Boston-based real estate development, management and leasing firm specializing in the positioning of retail properties. Privately held and owner-managed, Wilder’s mission continues to be to create vibrant shopping places that meet and exceed the expectations of customers, retailers, and investors. From lifestyle centers and urban properties to community centers and mixed-use developments, Wilder has developed, managed, and leased over 20 million square feet of retail properties throughout the United States and Puerto Rico. The Company continues to have a diverse portfolio of properties throughout the East Coast including Greater Boston’s Arsenal Yards, Silver Spring Square in Pennsylvania, and Daniels Marketplace in Fort Myers, Florida. For more information, please visit www.wilderco.com.