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Stabilized Quincy Retail Goes for $5M
Atlantic Capital Partners completed the $5.2-million sale of 625 Southern Artery, a stabilized 1.70-acre retail site located in Quincy, MA, to an undisclosed buyer. The transaction was led by Justin Smith, Head of Capital Markets; Danielle Turpin, Senior Associate; and Matt Ericson, Associate. Atlantic Capital Partners represented the seller.
The property features a 22,100-square-foot retail building, fully leased to Goodwill and Pet Supplies Plus, with an additional licensing agreement with Artery Garden Center, which offers reliable income and long-term redevelopment upside. “Positioned in a densely populated suburb just 10 miles south of Downtown Boston, the site offers a compelling basis for retailers to draw upon the strong local population of 129,578 residents within a 3-mile radius, with an average household income exceeding $122,000,” said Smith.
Situated eight minutes from Interstate 93, the site provides convenient access to the region’s primary north-south expressway, according to Atlantic Capital Partners.
- ◦Sale/Acquisition
