BOSTON— Atlantic Capital Partners announced the $10.75 million sale of 18-20 Main Street, a fully leased neighborhood strip center in North Reading, Massachusetts.
Located in affluent Middlesex County, the property serves a dense suburban trade area and benefits from proximity to Interstates 93, 95 and Route 495, offering convenient access to the Greater Boston region.
Atlantic Capital Partners exclusively represented the seller in the transaction. The deal team was led by Justin Smith, head of capital markets; Chris Peterson, executive vice president; Danielle Turpin, senior associate; and John Dixon, analyst.
The 46,738-square-foot retail center is anchored by a 13,225-square-foot standalone CVS. The adjacent 33,289-square-foot strip center includes nine service-oriented retailers, including East Gate Liquors and AutoZone.
“We are proud to have facilitated this seamless transaction for a family with deep ties to the North Reading community,” said Chris Peterson, executive vice president at Atlantic Capital Partners. “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.”
Positioned along Main Street (Route 28), a major commercial corridor linking Boston’s northern suburbs with the Merrimack Valley and southern New Hampshire, the property is viewed as well situated for long-term growth.
“The shopping center generated significant competitive interest from a diverse pool of local and regional investors,” said Justin Smith, head of capital markets at Atlantic Capital Partners. “The combination of stable, long-term tenancy and the center’s convenient location within a desirable, high-barriers-to-entry market made this a highly sought-after opportunity.”
