<strong>Services provided:<\/strong> Investment sales<br><br>Tedeschi Realty Corporation sought out a real estate service provider to help them sell their portfolio of 25 retail properties throughout New England. After completing a competitive search among the nation’s top retail-investment sales firms, Tedeschi selected Jones Lang LaSalle to market and sell the portfolio which had been built over five decades by the Tedeschi family and partners.<br><br>The offering would be the largest portfolio sale of dominant supermarket anchored shopping centers in New England history. Tedeschi anticipated a high level of interest in the sale, and they engaged our retail investment sales team with full confidence in our capability to handle this size transaction.<br><br>Comprising 1.8 million square feet of first-class retail space, the portfolio included a range of property profile types we had to take into consideration for our marketing-and sales strategy. The property types included (1) single-tenant supermarkets, (2) supermarket-anchored centers and (3) non-anchored neighborhood centers.<br><br>Our team implemented a marketing strategy specifically designed for the portfolio that succeeded in generating a record-setting number of confidentiality agreements, offers and pricing. We procured the Denver-based buyer Dividend Capital, who purchased the portfolio for $377 million. Furthermore, our real estate investment banking team helped Dividend Capital secure $218 million in financing for the acquisition.