Stoughton Town Center - Stoughton, MAStoughton, MA On behalf of an affiliate of Winstanley Enterprises LLC and Surrey Equities, JLL’s Capital Markets experts completed the sale of Stoughton Town Center, a 73,000 s/f, PriceRite Supermarket anchored shopping center. Medipower Overseas purchased the asset. According to public records, the purchase price was $13.75 million.
According to JLL executive vice president Nat Heald, “Stoughton Town Center represented a compelling opportunity to acquire a high-profile grocery-anchored shopping center in the competitive Greater Boston MSA. The property has recently undergone an extensive repositioning to attract new, national credit tenants, which will ensure a stable cash-flow for many years to come.”
Stoughton Town Center is also home to Rite Aid, Douglas Wine & Spirits, and Sonic. The property is positioned in downtown along Rte. 138 (Washington St.), the area’s primary retail corridor.
Heald and managing directors Chris Angelone and Bill Moylan led the JLL team on the transaction.