Image | Courtesy of Google Earth
Acton Plaza features two main retail buildings, as well as buildings containing Chase Bank and Dunkin' locations.
August 28, 2024
TJ Maxx plaza in Acton sold for $38M to NY firm
Photo | Courtesy of Brixmor
Brixmor has purchased Acton Plaza for $38 million.
Acton Plaza, a shopping center anchored by tenants including Roche Bros. and TJ Maxx & HomeGoods, has been sold to New York real estate firm Brixmor for $38 million.
The plaza was sold in a deal finalized on Thursday by E&A Northeast LP, according to Middlesex South Registry of Deeds records. E&A is an entity managed by EDENS, a real estate and property management firm based in Washington D.C.
The plaza is made up of four main parcels, with six storefronts located at 371-395 Massachusetts Ave. and eight retail spaces located at 291-307 Main St. Both buildings were constructed in 1972, with the entire plaza given a combined tax assessment value of $19.68 million in 2024, according to Town of Acton property records.
Other retailers at the plaza include The Paper Store, Acton Wine & Spirit Co., and a Not Your Average Joe’s restaurant, according to a marketing brochure for the property produced by EDENS. The brochure notes the plaza sees 674,620 annual visits and was redeveloped in 2014.
A building containing a Chase Bank branch at 291 Main St. and another building containing a Dunkin’ location at 315 Main St. were included in the deal, as were some smaller parcels between the buildings containing roads, emergency access routes, and other easements, according to registry documents.
Brixmor owns and operates approximately 360 retail centers across the country, according to its website.
The Brookside Shops, another large plaza in Acton, was sold to Newton-based Crosspoint Associates for $21 million in February.
Connor Scott and Nathaniel Heald of CBRE in Boston served as the listing brokers for this transaction.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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