BOSTON – JLL Capital Markets announced that it represented the seller in the sale of an 115,650-square-foot, single-tenant retail asset net leased to BJ’s Wholesale Club in the southern Massachusetts community of Attleboro.
BJ’s Wholesale Club (NYSE: BJ) is a leading membership-only warehouse club operator in the eastern United States. Founded in 1984, the company pioneered the wholesale club model in New England and currently operates 221 locations. BJ’s has operated at this location since the building was constructed in 2011, and the next closest BJ’s is 8.6 miles away.
The BJ’s is located at 287 Washington St. in Attleboro, which is a thriving community positioned on the Rhode Island-Massachusetts border approximately 10 miles north of Providence and 39 miles south of Boston. Situated along Route 1, the property’s location places it within the region’s major retail corridor, and it is surrounded by a population of more than 197,600 residents earning an average annual household income of $81,621 within a five-mile radius.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Director Nat Heald, Senior Managing Director Chris Angelone and Associate Zach Nitsche.