NORTH ATTLEBORO, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $18 million sale of a 71,927-square-foot shopping center in North Attleboro, located just outside of Providence. Grocer Stop & Shop has anchored the center, which also houses an Asian restaurant, since its completion in 1993 and remodeled its store in 2018. Justin Smith, Chris Peterson, Sam Koonce and Danielle Turpin of Atlantic Capital Partners represented the seller in the transaction. Additional terms of sale were not disclosed.
Massachusetts
BRAINTREE, MASS. — Atlantic Capital Partners, the debt and capital advisory arm of regional firm Atlantic Retail, has arranged a $22.2 million acquisition loan for Marketplace at Braintree, an 85,134-square-foot retail property located on the southern outskirts of Boston. The property is a three-suite condo that is currently leased to Nordstrom Rack and Ulta Beauty, and an undisclosed grocery operator has committed to leasing the third space. Stephen Joseph and Stephen Hassenflu led the Atlantic Capital team that placed the debt on behalf of the borrower, local investment firm Waterstone Properties Group. The direct lender was not disclosed.
MIDDLEBOROUGH, MASS. — Marcus & Millichap has brokered the sale of Everett Street Storage, a 181-unit self-storage facility in Middleborough, located south of Boston in Plymouth County. Built on 2.5 acres in 2017, the property includes 21 climate-controlled units, 140 non-climate-controlled units, two offices and 18 parking spaces across 18,710 net rentable square feet of space. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BEDFORD, MASS. — A joint venture between San Francisco-based Shorenstein Investment Advisors and Boston-based investment firm Tritower has purchased The Xchange, a 480,000-square-foot office and life sciences campus in Bedford, located northwest of Boston. The site of the eight-building development is located along State Route 3 and adjacent to the interchange with State Route 128 and can support future expansion. At the time of sale, The Xchange was 99 percent leased to tenants in industries such as robotics, battery development, diagnostic instruments and advanced materials technology. The seller and sales price were not disclosed.
SEEKONK, MASS. — Locally based brokerage firm The Stubblebine Co. has arranged the sale of a 2.6-acre industrial outdoor storage (IOS) site in Seekonk, located near the Massachusetts-Rhode Island border. The site at 75 Mead St. houses a 17,500-square-foot building. Anawan Realty Inc. sold the property to Philadelphia-based Alterra IOS for an undisclosed price. Matty Drouillard and James Stubblebine of The Stubblebine Co. represented both parties in the transaction.
WAKEFIELD, MASS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $13.6 million loan for the refinancing of Lofts at 27 Water Street, a 46-unit apartment complex located north of Boston in Wakefield. The complex spans two buildings and includes 13,000 square feet of commercial space. Robert Bhat of MMCC arranged the five-year, nonrecourse loan, which carried an interest rate of 5.86 percent and a 65 percent loan-to-value ratio, through an undisclosed agency lender. The borrower is Pasciuto Properties.
YARMOUTH, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the sale of Yarmouth Shopping Center, a 59,687-square-foot retail property located near the base of Cape Cod. Grocer Stop & Shop anchors the center. Justin Smith, Chris Peterson, Sam Koonce, Danielle Donovan and Matt Austin of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The property traded in conjunction with a 124,405-square-foot center in Stow, Mass., for a combined price of $26 million.
WEYMOUTH, MASS. — Boston-based Sticks Investment Group has purchased a 27,000-square-foot warehouse in Weymouth, located south of the state capital. The building at 242 Libbey Industrial Parkway was constructed in 2004, features a clear height of 24 feet and was fully leased to three tenants at the time of sale. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the buyer in the transaction. Fulcrum Real Estate Partners sold the building for an undisclosed price.
STOW, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the sale of Stow Shopping Center, a 124,405-square-foot retail property in Central Massachusetts. Grocer Shaw’s anchors the center, which was 90 percent leased at the time of sale via the recent new leases with a dentistry practice and spa operator. Justin Smith, Chris Peterson, Sam Koonce, Danielle Donovan and Matt Austin of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BEVERLY, MASS. — New York City-based investment firm The Praedium Group has purchased a portfolio of four multifamily properties totaling 394 units the northeastern Boston suburb of Beverly. Known as The Beverly Crossing Portfolio, the quartet of properties includes The Block, Canvas, Link 480 and Flats at 131, all of which were built between 2017 and 2023. The portfolio offers a mix of studio, one- and two-bedroom units with an average unit size of 783 square feet, as well as 26,038 square feet of retail space. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller in the transaction and procured Praedium Group as the buyer.