Ashland Plaza sold for $21M to San Diego investment firm
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An Ashland plaza anchored by a Shaw's sold for $21.4 million to a commercial real estate investment and management firm based in San Diego.
A 10-acre Ashland shopping plaza anchored by a Shaw’s Supermarket location has been sold for $21.4 million to a commercial real estate investment and management firm based in San Diego.
An entity managed by Strata Equity Group purchased the plaza located at 301 Pond St. in a deal finalized on Dec. 16, according to Middlesex South Registry of Deeds records. The property was purchased from Ashland Plaza (A&E) LLC, an entity managed by EDENS, a South Carolina real estate firm.
EDENS and Boston-based WinnDevelopment had briefly planned on constructing a mixed-use development at the site, but withdrew those plans in March 2023, according to documents submitted to the Ashland Planning Board.
EDENS purchased the plaza for $15.4 million in 2003, according to Town of Ashland property records. The plaza was constructed in the mid-1980s and was given a tax assessment value of $12.33 million for 2025.
In addition to Shaw’s, tenants at the site include Dollar Tree, Walgreens, and Anytime Fitness.
Strata operates and manages more than 90 properties and development sites across the country, according to its website.
Boston-based Atlantic Capital Partners secured both the buyer and seller in the deal, according to a LinkedIn post from Traded: Boston, a website tracking area real estate transactions.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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