Amherst, MA JLL Capital Markets has closed the sale of Amherst Shopping Center, an 81,702 s/f shopping center anchored by Big Y Supermarket and CVS. JLL marketed the property on behalf of the seller. Crosspoint Associates, Inc. purchased the asset. The sale price was not disclosed.
Situated on 11.46 acres at 181 University Dr., Amherst Shopping center is the closest grocery and drug store location to both UMASS and Amherst College, which have a combined enrollment of nearly 33,000 students.
Completed in 1997, Amherst Shopping Center has been renovated throughout the years, including most recently in 2018. In addition to Big Y Supermarket and CVS, the 97%-leased center is home to Dunkin’ Donuts, Goodwill, VIP Nails, Supercuts and Omi Omy.
The JLL Retail Capital Markets team representing the seller was led by Executive Vice President Nat Heald and Managing Director Chris Angelone.