North Reading Strip Center Sold for $10.75M via Atlantic Capital

​Reading — Atlantic Capital Partners completed the $10,750,000 sale of a retail asset at 18-20 Main Street, a fully leased neighborhood strip center located in North Reading, MA. The mall serves a dense suburban trade area and benefits from its proximity to Interstates 93, 95, and Route 495, providing convenient access to the broader Greater Boston region.

The transaction was led by Justin Smith, Head of Capital Markets; Chris Peterson, Executive Vice President; Danielle Turpin, Senior Associate; and John Dixon, Analyst. Atlantic Capital Partners exclusively represented the seller in the transaction.

The center totals 46,738 square feet and is anchored by a 13,225 SF standalone CVS. The adjacent 33,289 SF strip center includes a diverse mix of nine service-oriented retailers, such as East Gate Liquors and AutoZone. Chris Peterson, Executive Vice President at Atlantic Capital Partners, commented,

“We are proud to have facilitated this seamless transaction for a family with deep ties to the North Reading community. It was a privilege to help them transition this asset, and we are confident the new ownership will build upon that history as excellent stewards of the property.”