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SVN | Parsons Closes Sale of High-Occupancy Retail Center
SVN | Parsons Commercial Group | Boston has completed the sale of a 7,800-square-foot multi-tenant retail plaza at 3-11 Turnpike Rd. in Southborough, MA to 3-11 Turnpike LLC for $1.65 million.
Garrett Quinn, director – brokerage, and Marilyn Santiago, assistant director – brokerage, at SVN |Parsons Commercial Group | Boston, represented the seller, VTT 46-56 Cedar Street LLC. Joel Aho of Aho Properties represented the buyer.
3-11 Turnpike Rd. is located on the westbound side of Route 9. The retail plaza has a high occupancy rate of 95%, with six tenants including Bill’s Liquors, All In Stone Inc., Braza Pizzeria & Wings, Alice Body Works, Natalia & Andre Aesthetics and Veronica I. Photography.
“We are thrilled to have facilitated this sale,” said Santiago. “The high occupancy rate and strategic location of this retail shopping center make it an excellent investment for the buyer in the Metrowest/Route 9 corridor.”
- ◦Sale/Acquisition

