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Milford Retail Trades for $8M; Draws from Boston, Worcester and Providence Metros
Atlantic Capital Partners closed the $8-million sale of Milford Square, a multi-tenant neighborhood shopping center located at 138 s. Main St. in Milford, MA. Head of capital markets Justin Smith; EVP Chris Peterson, senior associate Danielle Turpin and associate Matt Ericson represented the seller.
Located along Interstate 495, the 50,236-square-foot center serves as a retail hub at the intersection of Boston, Worcester and Providence, drawing from a trade area spanning three major metropolitan markets. It features a mix of service-oriented and necessity-based tenants, including one of Massachusetts’ newest Registry of Motor Vehicles (RMV) centers. As the only RMV within a 20-mile radius and the primary service point for the Worcester region, this anchor tenant ensures consistent, high-volume daily foot traffic.
“As one of the most prominent signalized intersections in the trade area, the shopping center has continuously attracted service-oriented retailers, providing future ownership with durable long-term cash flow,” said Smith.
- ◦Sale/Acquisition
