Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Neighborhood Shopping Center Trades After 50-Year Hold
Atlantic Capital Partners arranged the sale of 211 Lowell St., a grocery-anchored shopping center in Wilmington, MA. Buyer and sale price were not disclosed. The asset also includes 243 Lowell St., an adjacent single-family home, and 13.59 acres of developable land comprising 13 residentially zoned parcels.
The transaction was led by Justin Smith, head of capital markets; Chris Peterson, EVP; Danielle Turpin, senior associate; and John Dixon, analyst. Atlantic Capital Partners exclusively represented the undisclosed seller.
211 Lowell St. is a 91% leased, 53,679-square-foot neighborhood shopping center, anchored by McKinnon’s Market and featuring Eastgate Liquors, Dunkin’ Donuts and a complementary mix of local retailers. Peterson said, “We are proud to have facilitated this transaction for a family with a deep, 50-year legacy at this Wilmington intersection. It was a privilege to help them transition the shopping center, and we are confident new ownership will build upon that history.”
- ◦Sale/Acquisition
