Atlantic Capital Partners sells 211 and 243 Lowell St., Wilmington, MA for $7.75 million

Wilmington, MA Atlantic Capital Partners completed the sale of 211 Lowell St., a grocery-anchored shopping center, within the affluent Middlesex County. The asset also includes 243 Lowell St., an adjacent 960 s/f single-family home, and 13.59 acres of developable land comprising 13 residentially zoned parcels located behind the center. Strategically located along Lowell St. (Rte. 129), the property is positioned within one of the town’s most active retail corridors, surrounded by a strong mix of national and regional tenants.

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.

211 Lowell St. is a 91% leased, 53,679 s/f neighborhood shopping center, anchored by McKinnon’s Market and featuring Eastgate Liquors, Dunkin’ Donuts, and a mix of local retailers. 

Peterson said, “We are proud to have facilitated this transaction for a family with a deep, 50-year legacy at this Wilmington intersection. It was a privilege to help them transition the shopping center, and we are confident new ownership will build upon that history as excellent stewards of the property.”

The property serves a dense suburban trade area and benefits from its proximity to I-93 and 95, providing access to the broader Greater Boston region. Positioned along Lowell St. (Rte. 129) - 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 a stable grocery anchor, long-term tenancy, and value-add opportunities with convenient access to Interstate 93 made this a highly sought-after opportunity.”

Atlantic Capital Partners is the Capital Markets division of Atlantic Retail, a privately held retail brokerage firm with a 29-year record of successful representation of the nation’s top retailers and landlords. With a team of more than fifty knowledgeable and dedicated brokers and support staff, Atlantic is committed to providing its clients with timely insight, well-informed strategies, and above-and-beyond service.