News: Retail
Posted: March 27, 2014
Inland Real Estate Acquisitions purchases BJ's Wholesale Club for $26.5 million
According to Cushman & Wakefield, BJ's Wholesale Club sold for $26.5 million to Inland Real Estate Acquisitions, Inc. The Cushman & Wakefield team, led by president Rob Griffin, executive vice president Geoffrey Millerd and senior associate Justin Smith, oversaw the transaction of the 114,000 s/f free-standing asset on behalf of Whittier Holdings.
"The BJ's Wholesale Club in Framingham is strategically located in one of the area's hottest retail markets," said Millerd. "The property is situated in the Northeast's largest concentration of premier retail space. The immediate trade-area features nearly 7.2 million s/f of premium space."
Although the property is nestled among a "who's who" of national retailers, BJ's Wholesale Clubs are known for being top-performing members-only clubs. With more than 50 locations in the region, the BJ's Wholesale Club in Framingham provides access to more locations than all of its competitors combined.
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