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Aubuchon Realty Picks up Beverly’s Dodge Crossing with All-Cash $6.6 million Deal

July 27, 2022
Dodge Crossing 2-6 Enon St, Beverly MA

BEVERLY — The Concord MA-based Aubuchon Realty Company, Inc., (ARC, Inc.) has completed the $6.6 million acquisition of Dodge Crossing in Beverly, Massachusetts. ARC is aggressively pursuing commercial real estate investments throughout the Eastern United States, with a particular focus on retail opportunities, according to a release. The all-cash transaction closed on July 26, 2022.

Dodge Crossing is a multi-tenant retail plaza constructed in 1973 and renovated in the past year. The 21,350-square-foot center on a 1.3-acre parcel was enhanced with an updated facade and new parking lot. Citizens Bank and Mattress Firm anchor the plaza, which benefits from a highly visible location at the intersection of Enon Street and Dodge Street (MA Route 1A) in North Beverly.

“Dodge Crossing is a strong retail asset in a desirable Boston submarket,” ARC President, Eamon Moran said. “We have a major appetite, and the dry-powder to go with it, for middle-market retail acquisitions like this and look forward to announcing similar transactions in the quarters ahead.”

A vertically integrated firm with in-house acquisition and development capabilities, ARC is currently targeting commercial real estate investments in the middle-market space between $5 million and $20 million, according to Moran.

ARC’s existing portfolio exceeds 55 assets totaling more than 1 million square feet throughout Massachusetts, New York, Connecticut, Rhode Island, New Hampshire, Vermont and Maine. ARC’s investment strategy utilizes its local expertise and institutional knowledge to generate attractive returns for its shareholders, while positively impacting the communities where it invest