Atlantic Development sells Lowe's Marketplace for $8.9 million
Atlantic Development sold the newly built, 177,448 s/f Lowe's Marketplace to a private investment group for $8.9 million.
The retail plaza was acquired by an entity called 379 Fifth Ave. Realty Corp. The plaza was completed in 2007 and is leased to Lowe's Home Improvement, Chili's Grill & Bar and Mansfield Bank.
Cushman & Wakefield of Mass. Inc. represented the seller, Hingham, based Atlantic Development, and found the buyer.
Danvers, MA KeyPoint Partners (KPP) negotiated a lease with the nation’s premier indoor pickleball venue The Picklr at Endicott Sq. Vice president of retail brokerage Don Mace negotiated the transaction on behalf of the landlord.