Atlantic Capital Partners and Kelleher & Sadowsky broker $10 million sale

Westborough, MA Atlantic Capital Partners has completed the sale of 9 West Plaza, an institutional-quality multi-tenant retail center, 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 s/f, 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. Positioned along Rte. 9, one of Massachusetts’ most highly traveled state highways, the property serves as a retail destination for the communities situated between Boston and Worcester. Featuring a lineup of service-oriented and essential retailers with long-term leases in place, 9 West Plaza represents an attractive investment opportunity within a regional trade area. 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, said, “The Rte. 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.”