Benderson Development is closing out the year with a new prime property. The University Park, FL-based real estate development company today announced the purchase of an approximately 53,400-square-foot property anchored by Whole Foods Market in Cambridge, Mass.

The property is located on 340 River St., which is roughly one mile from the center of both Harvard University and Massachusetts Institute of Technology. It is anchored by a 40,000-square-foot Whole Foods and a 13,000-square-foot Walgreens with drive-thru pharmacy.

“We are always looking for prime assets to add to our portfolio and this is exactly the kind of opportunity we seek out,” said Shaun Benderson of Benderson Development. “This Whole Foods-anchored property is a perfect addition to our footprint in the Boston Metro area.”

Benderson Development has been aggressively growing its portfolio over the last few years. Recent noteworthy acquisitions include a 4.5 million-square-foot portfolio of 28 Fred Meyer superstores located throughout the Pacific Northwest and Alaska; the Whole Foods in Alexandria, VA; the Thrivent Financial headquarters in Minneapolis, MN; an interest in Duke Energy’s Metro Tower in Charlotte, NC; and ground leases under the Hampton Inn Manhattan/Times Square Central, The Highland Dallas, Curio Collection by Hilton, Willard Towers in Washington, DC and The Plaza Santa Fe in Santa Fe, New Mexico. 

Founded in 1949, Benderson Development is one of the nation’s largest privately held real estate companies. Its portfolio includes more than 800 properties totaling over 50 million square feet in 40 states. For more information, visit www.bendersondevelopment.com