Michigan firm spends $28M for Framingham property leased to BJ’s Wholesale
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BJ's Wholesale Club location in Framingham
An affiliate of Michigan retail real estate investment firm, Agree Realty Corp. purchased the location of a BJ’s Wholesale Club at 26 Whittier St. in Framingham for $28 million.
Agree Limited Partnership purchased the 114,000-square-foot retail property from an affiliate of Illinois-based Inland Real Estate Group in a transaction recorded by the Middlesex South Registry of Deeds on Wednesday.
Inland Real Estate Group last purchased the property in 2014 for $26.5 million.
Agree Realty is a real estate investment trust specializing in owning properties leased to large chain retail stores. The company’s stock is traded on the New York Stock Exchange. The company reported $463 million in revenue in 2022.
In Central Massachusetts, Agree owns property leased to retailers Best Buy in Leominster and to Lowe’s Home Improvement in Worcester.
WBJ Web Partners
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