Shair of M&J Associates brokers $2 million sale to Salvation Army

September 22, 2010 - Retail

Mark Shair

According to Mark Shair, president of M&J Associates, a Salvation Army Family Store has opened a 30,000 s/f free standing store at 87 Westgate Dr. Adjacent to the store is a Lowes and the Westgate Mall which was recently purchased by New England Development.
The land area was 3.5 acres and Salvation Army closed on the $2 million purchase at the end of 2009. The building was originally constructed as a manufacturing and warehouse use. Salvation Army totally rebuilt the building to convert it to its current retail use. Salvation Army operates 1,800 retail outlets in the U.S. The Family stores sell used and donated men's, women's and children's clothing, housewares, furniture, books and electronics.
M&J Associates, Newton represented the seller, Mucci Trust, in the sale of the property and procured the buyer.
Tags:

Comments

Add Comment