United States, March 13 -- JLL's Capital Markets group announced that it has arranged the recapitalization of Legacy Place, the dominant open-air, grocery-anchored lifestyle center in New England. Legacy Place is located in Dedham, Massachusetts, an affluent suburb of Boston.JLL represented the seller, Nuveen Real Estate. The buyer was Madison International Realty, LLC. Madison steps into an existing partnership with WS Development, one of the leading vertically integrated retail operators in the space, which has had 50% ownership stake and has managed Legacy Place since opening in 2009.Legacy Place is strategically located at the intersection of I-95 and Rte-1, providing excellent accessibility and visibility. This prime location mainly dr...