Mansard Completes 55,000 SF 3-Building Retail Trade In Fitchburg for Aubuchon Realty Co.
November 01, 2022
Parkhill Plaza - 497 Electric Ave, Fitchburg, MA
FITCHBURG — Taylor Saulnier of Mansard Real Estate facilitated the sale of Parkhill Plaza, a 55,000 SF retail center in Fitchburg, MA for $5,800,000. Mansard represented both the Seller, Aubuchon Realty Company and the Buyer, A1Q Park Hill Plaza via an off-market sale process.
The three-building trade features 20+ tenants and a valuable array of essential services. The anchor tenant, Aubuchon Hardware recently executed a new 10-year lease showing their commitment to the site. The sale included 3 buildings and a pad site that can accommodate future retail development. Parkhill Plaza was one of Aubuchon’s original holdings which they expanded over the years - with the most recent pad site being sold to Cumberland Farms.
Parkhill Plaza serves as a true service provider to the local Fitchburg community. The rent roll features a valuable e-commerce-proof tenant mix with long-term tenants that have been serving the local community for decades. This neighborhood center has been chosen by various national tenants such as CVS, Cumberland, Dunkin, Davita Dialysis, Family Dollar & more, proving that the strategically located site is designed to support various industries from medical to retail for decades to come.
