Southbridge plaza sold for $11M by Burlington firm, $1.5M less than 2022 purchase price

A real estate firm based in Burlington has sold The Southbridge Fair shopping plaza for $11.1 million, which is $1.5 million less than the firm bought the complex for in 2022. 

Key Point Partners sold the plaza located at 479 East Main St. in a deal finalized on Jan. 2 to an entity managed by Capital Group Properties of Southborough, according to Worcester District Registry of Deeds records.

Key Point purchased the plaza from Southbridge Fair Investors LLC for $12.6 million in March 2022.

Located on a 13-acre parcel with 11 retail spaces, The Southbridge Fair plaza includes tenants Big Y World Class Market, Ocean State Job Lot, Aubuchon Hardware, Anytime Fitness, McDonald’s, and Monro Auto Service and Tire Centers, according to Google Maps listings. Property sales such as this typically don’t result in an immediate change in the commercial tenants at the plaza.

Capital Group Properties owns a number of commercial and residential properties in Central Massachusetts, including the Oxford Crossing plaza in Oxford, the Post Road Marketplace plaza in Northborough, and the Millwood Preserve single-family housing development in Framingham, according to its website. The firm handled the redevelopment of the former Marlboro Airport into an industrial park. 

Southbridge Fair’s main building containing the Big Y location was constructed in 1974, while additional retail buildings on the site were constructed in 1996 and 1997. The property was given a tax assessment value of $11.95 million for 2025, according to Town of Southbridge property records.     

Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.