Atlantic Capital Partners sells retail asset in Quincy, MA for $5.2m

Quincy, MA Atlantic Capital Partners has completed the sale of 625 Southern Artery, a stabilized 1.7-acre retail site. Positioned in a densely populated corridor, 10 miles south of Downtown Boston, the site represents a rare opportunity to acquire a cash-flowing asset with significant long-term densification potential in one of the submarket’s most prominent retail nodes.

The transaction was led by Justin Smith, head of capital markets; Danielle Turpin, senior associate; and Matt Ericson, associate. Atlantic Capital Partners exclusively represented the seller in the transaction.

The property features a 22,100 s/f retail building, currently fully leased to Goodwill and Pet Supplies Plus, with an additional licensing agreement with Artery Garden Center, which offers reliable income and long-term redevelopment upside. 

Smith said, “Positioned in a densely populated suburb just 10 miles south of Downtown Boston, the site offers a compelling basis for retailers to draw upon the strong local population of 129,578 residents within a 3-mile radius, with an average household income exceeding $122,000.”

Located along Rte. 3A, the property benefits from frontage and visibility. Situated eight minutes from I-93, the site provides access to the region’s primary north-south expressway, serving a local demographic. 

Ericson said, “Quincy continues to attract significant capital, and this transaction reflects both the strength of the submarket and the depth of investor appetite for well-located retail along established commuter corridors.”