Atlantic Capital Partners recently closed the sale of a Lowe’s in Framingham, MA, near the entrance to Shoppers World. The home improvement center traded for $32,600,000.
The transaction was overseen by Atlantic Capital Partners’ capital markets team, including Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson. The team exclusively represented the seller and also secured the buyer. The Boston Business Journal reported the seller was an affiliate of Chicago-based real estate investment firm M & J Wilkow Ltd., while the buyer was locally based Mount Vernon Co.
“This location stands out as the only Lowe’s west of downtown Boston,” said Smith. “Its strategic position allows it to draw from a wide regional trade area, making it one of the most productive stores for Lowe’s in the region.”
Located at 350 Cochituate Rd. in Framingham, the 9.53-acre property is ground-leased to Lowe’s on a long-term, triple-net basis.
The post Lowe’s in Framingham Trades for $33M appeared first on Connect CRE.
