Westborough Retail Plaza Trades for $10M; Atlantic Capital/Kelleher Sadowsky Broker Deal

Boston — Atlantic Capital Partners represented the seller in the recent closing of 9 West Plaza, a premier, institutional-quality multi-tenant retail center located in Westborough, Massachusetts, 28 miles west of Downtown Boston and 10 miles east of Worcester. The transaction was executed by Justin Smith, Head of Capital Markets; Chris Peterson, Executive Vice President; Sam Koonce, Vice President; Danielle Turpin, Associate; and Matt Ericson, Senior Analyst. Atlantic Capital Partners exclusively represented the seller and collaborated with Broker Will Kelleher of Kelleher Sadowsky, who represented the buyer in the transaction.

Totaling 35,371 square feet, 9 West Plaza is fully leased, having been recently capitalized by leases with Dollar Tree and Quickway Hibachi, which offer stable and predictable cash flow.

Strategically positioned along Route 9, one of Massachusetts’ most highly traveled state highways, the property serves as a leading retail destination for the communities situated between Boston and Worcester. Featuring a strong lineup of service-oriented and essential retailers with long-term leases in place, 9 West Plaza represents a highly attractive investment opportunity within a dynamic regional trade area. Justin Smith, Head of Capital Markets for Atlantic, said, “As one of the most prominent signalized intersections in the trade area, the shopping center has continuously attracted best-in-class service-oriented retailers, providing future ownership with durable long-term cash flow”.

The affluent and densely populated communities between Boston and Worcester form a vital corridor that supports a thriving, high-quality trade area across retail, office, and multifamily sectors. Matt Ericson, Senior Analyst for Atlantic, went on to add, “The Route 9 retail corridor has become an important bridge between Massachusetts’ two major cities with rapid growth across all use types, and this asset will continue to benefit from continued economic expansion within the market.”