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.
Winstanley Partnership Acquires Chelmsford Mall Off-Market
Winstanley Enterprises, LLC of Concord, MA and Surrey Equities, LLC of New Jersey have acquired the Chelmsford Mall, a nearly 225,000-square-foot open-air shopping center in Chelmsford, MA. The property was acquired privately off-market for $28 million from the original local developer, who owned and operated it since the early 1970s.
Chelmsford Mall is a 22.4-acre property located on Route 110 at 265 Chelmsford St. The property is 100% leased with seven established retailers including Kohl’s, Michaels, PetSmart, Staples, Famous Footwear, Carter’s, and Best Fitness.
“This is a unique and exciting opportunity to acquire a thriving location that is fully occupied with top-tier retailers,” said Adam Winstanley, a principal of Winstanley Enterprises. “We see this as another strong long-term investment in the Chelmsford area.”
The Chelmsford Mall will continue to operate as-is under Winstanley/Surrey ownership. Winstanley also owns and operates the 41,000-square-foot Chelmsford Town Center, which it purchased in 2013.
- ◦Sale/Acquisition
