Earlier this week we discussed that Thomas Flatley was thinking about selling his retail portfolio of 10 properties in New Hampshire and Massachusetts. Not a man to take a long time to make a decision, word from the Boston Business Journal is that an agreement to sell has been reached with Wilder Cos. And O’Connor Capital Partners.

The portfolio of 10 properties will sell for about $500 million, Jeremiah W. O’Connor Jr., managing partner of O’Connor Capital Partners, confirmed.

O’Connor, when reached by telephone on Thursday at his New York office, said he was buying the retail portfolio which he described as “very high quality” assets in a supply constrained market where it is difficult to develop retail property.
Andy LaGrega of the Wilder Cos. declined to comment.
The Flatley portfolio represented an opportunity to buy into the Boston market in a major way.
“Mr. Flatley has done a terrific job of developing them, leasing them, maintaining them,” said O’Connor of the properties under agreement.
Flatley told the Boston Globe in a column published Wednesday that he was near a deal to sell his entire retail portfolio, which includes shopping centers in Boston, Cape Cod and southern New Hampshire.
Flatley did not return multiple calls to his Braintree, Mass., office on Thursday. Real estate executives from the brokerage firm selling the portfolio, Cushman & Wakefield of Massachusetts Inc., could not be reached and declined to comment. via Boston Business Journal:.

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