NKF Arranges Sale of Best-in-Class MA Asset

Middlesex Marketplace is a best-in-class retail property situated along an important retail corridor in the western suburbs of Boston, comprising nearly 40,000 square feet.

Middlesex Marketplace in Burlington, Mass.
Middlesex Marketplace in Burlington, Mass.

A private real estate fund advised by Crow Holdings Capital Partners-Real Estate (CHC-RE) has purchased Middlesex Marketplace in Burlington, Mass. NKF Capital Markets represented the private seller of the best-in-class retail property.

The site is located along Middlesex Turnpike, an important retail corridor in Burlington and the western Boston area, providing visibility for an average of 37,400 vehicles per day. Comprising 38,243 square feet, Middlesex Marketplace dates back to 2013 and features a free-standing build-to-suit space for Del Frisco’s Grille.

The area is home to several important employers, including Aetna, Keurig Green Mountain or Lahey Hospital & Medical Center, and it boasts a lively restaurant scene.

Middlesex Marketplace

NKF’s Boston office team helped arrange the transaction, including Executive Managing Director Geoffrey Millerd, Managing Director Justin Smith, Associate Director Paul Penman and Financial Analyst Christopher Peterson, led by U.S. Head of Capital Markets Robert Griffin.

“Middlesex Marketplace represents an exceptional property for CHC-RE as the firm continues its expansion into New England. Most recently, the buyer acquired The Shops at Mall Road, a 31,623-square-foot retail asset located moments away from the subject property, in a transaction also orchestrated by our team,” said Smith, in prepared remarks.

In December last year, NKF Capital Markets also represented the seller in the trade of Campus 2100, a 203,946-square-foot Class A office campus in California.

Image courtesy of NKF Capital Markets