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Retail property investors increase deal activity across Boston region

Sales of retail property increase by more than 3% year-over-year and 13% from 2023's post-pandemic low
After buying the Waterton Mall in Watertown, Massachusetts, for $130 million in 2021 for a planned life science redevelopment, Alexandria Real Estate Equities sold the mall to National Development for $99.25 million in one of the largest retail property sales last year. Watertown Mall was 96% leased at the time of sale, its national tenants include Target, Best Buy, Starbucks and Ulta Beauty. (CoStar)<br/><br/>
After buying the Waterton Mall in Watertown, Massachusetts, for $130 million in 2021 for a planned life science redevelopment, Alexandria Real Estate Equities sold the mall to National Development for $99.25 million in one of the largest retail property sales last year. Watertown Mall was 96% leased at the time of sale, its national tenants include Target, Best Buy, Starbucks and Ulta Beauty. (CoStar)

CoStar Analytics
March 12, 2026 | 7:59 P.M.

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Investor interest in Boston retail properties has remained steady over the past few years. Total sales of retail properties for the region reached $1.8  billion in 2025, marking a third consecutive year of increased property sales, though activity remains below post‑pandemic peak levels.

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