Tedeschi real estate is sold

ROCKLAND - Tedeschi Realty Corp. has wrapped up the sale of the bulk of its commercial real estate to a Denver company in one of the biggest real estate transactions in Southeastern Massachusetts.

Rockland-based Tedeschi Realty said it completed the sale of 22 properties on Wednesday, and will transfer three other properties in the next few weeks. Tedeschi Realty is selling the entire 1.9 million-square-foot portfolio to Dividend Capital Total Realty Trust for $377 million.

Dividend Capital initially reported in June that it would spend $392 million for the entire 26-property portfolio that Tedeschi Realty had put on the market. But the price has since been reduced because Tedeschi Realty decided to keep one of the properties - the nearly 90,000-square-foot Middleboro Square plaza anchored by a Stop & Shop off Route 28 in Middleboro.