Westborough shopping plaza featuring Papa Gino’s sold for $5M
Image | Courtesy of Google Maps
A Westborough shopping plaza anchored by a Papa Gino’s has been sold for $4.8 million.
A Westborough shopping plaza anchored by a Papa Gino’s location has been sold for $4.8 million to a Burlington-based firm.
The 3.58-acre shopping plaza located at 164 Milk St. was sold by Smart Retail LLC of Framingham to Indira Investments LLC in a deal finalized on Oct. 8, according to Worcester District Registry of Deeds Records.
Smart Retail purchased the property in June 2021 for $3.9 million.
Indira is operated by Gautam Makhija and Shivani Munjal, both of Burlington, according to Secretary of the Commonwealth records.
The plaza features 12 retail units spread across 28,287 square feet of space, with Papa Gino’s, JP’s Restaurant Pub, and Smart Cuts among the tenants, according to the property’s Google Map listing. When landlords sell commercial properties like this one, the businesses at the properties typically don’t leave or alter their operations, as the property sale is for the land and building only, not the individual businesses.
The parcel is a separate property from the neighboring Westmeadow Plaza, a complex owned by Ocean State Job Lot, which shares a parking lot and entrance with 164 Milk St.
Constructed in the 1970s, the property was given a tax assessment value of $3.68 million for 2024, according to Town of Westborough property records.
The property is across the street from 161 Milk St., one of two parcels set to become the site of a self-storage facility and facilities for a building restoration company, after the two parcels were purchased for $4.2 million in late September.
Eric Casey is a staff writer at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
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