Atlantic Capital Partners brokers $10.75 million sale of 46,738 s/f center

North Reading, MA Atlantic Capital Partners has completed the $10.75 million sale of 18-20 Main St., a fully-leased neighborhood strip center, within the affluent Middlesex County. The asset serves a dense suburban trade area and benefits from its proximity to I-93, 95, and Rte. 495, providing access to the broader Greater Boston region.

The transaction was led by Justin Smith, head of capital markets; Chris Peterson, executive vice president; Danielle Turpin, senior associate; and John Dixon, analyst. Atlantic Capital Partners exclusively represented the seller in the transaction.

The center totals 46,738 s/f and is anchored by a 13,225 s/f standalone CVS. The adjacent 33,289 s/f strip center includes a diverse mix of nine service-oriented retailers, such as East Gate Liquors and AutoZone. 

Peterson said, “We are proud to have facilitated this seamless transaction for a family with deep ties to the North Reading community. 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 (Rte. 28) – a major commercial corridor connecting Boston’s northern suburbs with the Merrimack Valley and southern New Hampshire – the property is well positioned for continued long-term growth. 

Smith said, “The shopping center generated significant competitive interest from a diverse pool of local and regional investors. 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.”