BOSTON— Atlantic Capital Partners has announced the $16 million sale of a single-tenant retail property occupied by Dick’s Sporting Goods in Danvers, highlighting sustained investor appetite for well-positioned retail assets in the Greater Boston market.
The property, located roughly 20 miles north of Boston, sits within one of the North Shore’s most active and densely populated retail corridors. Atlantic Capital Partners exclusively represented the seller in the transaction, which was led by Eric Suffoletto, Joey Tagliente and Danny Griffin.
The offering consists of an approximately 80,000-square-foot building on 3.92 acres, fully leased to Dick’s Sporting Goods. Market participants note that assets of this scale and tenancy profile remain attractive to investors seeking stable, income-producing properties with potential for long-term value appreciation.
“This transaction underscores continued investor demand for well-located retail real estate with both in-place income and a clear path to future value creation,” said Eric Suffoletto, Partner and Managing Director at Atlantic Capital Partners. “The asset’s positioning within a dominant North Shore retail corridor drove strong interest from investors.”
The site benefits from direct access to Route 128, a major commuter artery that carries approximately 88,400 vehicles per day into downtown Boston. Its strategic location is further enhanced by proximity to two of the region’s highest-traffic retail centers: Northshore Mall and Liberty Tree Mall, which draw a combined total of more than 17 million visitors annually.
Suffoletto added that investor interest remains focused on assets where strong real estate fundamentals align with opportunities for future repositioning or operational upside. “We continue to see disciplined capital targeting opportunities where strong real estate fundamentals intersect with actionable business plans,” he said. “This asset checked both boxes and allowed investors to underwrite multiple paths to value.”
The sale reflects broader trends in the retail investment market, where well-located, single-tenant properties in high-traffic corridors continue to command attention despite evolving consumer behaviors and shifting retail dynamics.
