The plaza was built in 1988 and contains about 45,000 square feet of leasable space.
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A Newton-based investment firm has purchased the Milford Square shopping plaza containing a Registry of Motor Vehicles site and a variety of other tenants for $8 million.
Equity Venture Partners purchased the plaza at 138-140 South Main St. in a deal finalized May 8, according to the Worcester District Registry of Deeds.
EVP is an investment firm focused on real estate, property management, and investing in early-stage technology, healthcare, and consumer firms.
Milford Square was built in 1988 and contains about 45,000 square feet of leasable space, according to real estate data firm CoStar. The plaza has been home to an RMV service center since 2025, after the site was selected as part of a Division of Capital Asset Management and Maintenance bid seeking a 15-year lease.
Other tenants at the site include Honey Dew Donuts, AT&T, Homefield Credit Union, and The Garden Restaurant. The property includes a pad site where another standalone retail building could be built.
EVP’s purchase was supported by a $6.2-million mortgage from Institution for Savings in Newburyport, according to registry records.
EVP purchased the plaza from Linear Retail Properties in Burlington. LRP bought the site for $7.27 million in 2007.
Chris Peterson, Matt Ericson, and Justin Smith of Boston-based Atlantic Capital Partners served as the listing broker for this deal.
The four parcels comprising the plaza received a 2026 assessment of $7.15 million, according to Town of Milford property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
