Atlantic Capital Partners sells shopping center in Milford for $8m

Milford, MA Atlantic Capital Partners completed the sale of Milford Square, a multi-tenant neighborhood shopping center. Located along I-495, the property serves as a vital retail hub at the intersection of Boston, Worcester, and Providence, drawing customers from a bRd. trade area spanning three major metropolitan markets.

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

The 50,326 s/f center features a mix of service-oriented and necessity-based tenants, including one of Massachusetts’ newest Registry of Motor Vehicles (RMV) centers. As the only RMV within a 20-mile radius and the primary service point for the Worcester region, this anchor tenant ensures consistent, high-volume daily foot traffic. 

Smith said, “As one of the most prominent signalized intersections in the trade area, the shopping center has continuously attracted service-oriented retailers, providing future ownership with durable long-term cash flow.”

 Located on Rte. 140, just one mile south of the town’s primary commercial district, Milford Square occupies 270 ft. of frontage on South Main St. Its proximity to I-495 further cements its status as a high-visibility destination. Ericson said, “Milford Square’s positioning on the South side of the market creates a distinct neighborhood dynamic. Tenants benefit from strong Rte. 140 visibility and I-495 access while serving a loyal, repeat customer base of the surrounding area.”