Bellingham, MA — August 04, 2021 — SVN | Parsons Commercial Group | Boston has completed the sale of a 56,300 square foot shopping center at 15 North Main Street in Bellingham, Massachusetts to VTT Mom + Pop Retail, LLC for $3,765,000.
Senior Advisors Marilyn Santiago and Garrett Quinn of SVN | Parsons Commercial Group | Boston represented the buyer, VTT Mom + Pop Retail, LLC. The seller, Rick Kaplan of Bellingham Plaza, LLC, represented himself in the transaction.
The property is a three building multi-tenant plaza located just outside the Greater Boston region in Bellingham, MA named “The Shopping Plaza at Bellingham Commons”. This 56,300 square foot plaza is conveniently located in the center of Bellingham by the Route 126 and Route 140 intersection. It is approximately 2-3 miles off Route 495 at exits 17 or 18.
The Shopping Plaza at Bellingham Commons hosts a wide array of businesses including auto, education, fitness, health & beauty, pets, professional services, restaurants, shopping and more.
“With over 20 diverse tenants and easy access to the plaza, it has become a one-stop destination for many in the community, ” commented Marilyn Santiago. “Although we have seen a decline in the market for larger big box retail centers, well located neighborhood centers are viable, especially in suburban communities such as Bellingham, MA,” added Santiago. “Investors can acquire value rich properties at opportunistic prices, less competition, and more supply of quality real estate when compared to gateway cities.”
About SVN | Parsons Commercial Group | Boston
SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.
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