Atlantic Capital Partners has been exclusively engaged to market for sale Braintree Marketplace, a grocery-anchored shopping center that serves as the dominant component of the condominium association that governs this super-regional shopping power center ideally positioned in Braintree, Massachusetts. The asset, leased to Nordstrom Rack, ULTA and Amazon Fresh, is one of the most desirable shopping centers in the local market given the properties exceptional access and co-tenancy.
The 9-acre site is ideally positioned just off Route 3, which sees 106,018 vehicles per day and is the sole highway that services the affluent communities located south of downtown Boston. As the most prominent power center in one of the strongest retail markets in Greater Boston, the asset serves a regional trade area which includes a population of over 240,000 people within a 5-mile radius.
This institutional offering is being marketed free-and-clear of existing debt with a formal asking price of $30,000,000.