Please do not leave this page until complete. This can take a few moments.
A shopping plaza in Acton featuring national brands including Trader Joe’s and Staples has been sold for $21 million.
The Brookside Shops, located at 145 Great Road in Acton, was sold in a deal finalized on Friday, according to Middlesex South Registry of Deeds records. The property was sold to Brookside Owner LLC.
Brookside shares managers and an address with Crosspoint Associates, a real estate firm based in Newton, according to Massachusetts Secretary of the Commonwealth records. Crosspoint owns properties throughout New England, including the Whole Foods Marketplace in Framingham and the Golden Triangle Shopping Center in Natick.
The property was sold by 145 Great Road LLC, a corporation managed by Clarion Partners, a global real estate asset management company based in New York City.
Great Road purchased the property for $33.5 million in 2016, according to Town of Acton property records. The property was given a tax assessment value of $12.2 million in fiscal 2024.
The 13-store plaza features 120 parking spots and was built in 2002, according to LoopNet, an online real estate listing service. In addition to Trader Joe’s and Staples, Brookside Shops is also home to XGolf, a business featuring indoor golf simulators, and Chico’s, LOFT, and Talbots, three separate retail stores dealing in women’s apparel.
CORRECTION: An earlier version of this story incorrectly said that Crosspoint Associates owns the Whole Foods Marketplace in Shrewsbury. The firm actually owns the Whole Foods Marketplace in Framingham.
Hmmm...bought for 33.5 M and sold for $21 M...not good!! :/
I suspect rent is going up.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
2 Comments