The Westgate Collection_Propiedad en venta
The Westgate Collection_Propiedad en venta
Brockton, MA, US, Americas

The Westgate Collection

Descripción del portafolio

JLL Capital Markets is pleased to exclusively offer the opportunity to acquire the Westgate Collection (the “Property”), six outparcels adjacent to the Westgate Mall, one of Greater Boston's most well-known and visited shopping centers with over 5.7 million annual visits. The property is anchored by Market Basket, the #1 most visited grocer in a 10-mile radius (60 locations) with over 2.3M annual visits. The remainder of the Westgate Collection is 94% leased to an impressive roster of national and regionally dominant retailers including Bank of America, Dick's Sporting Goods, Burlington, Planet Fitness, AFC Urgent Care, Starbucks, IHOP, Chase Bank, Chipotle, Pet Supplies Plus and Staples. The property is well located in a densely populated demographic and is directly served by both Route 24 and Route 27 which funnel traffic from a regional trade area.


The Westgate Collection consists of six components: The Components are being offered for sale "a la carte." Investors have the opportunity to acquire one-off parcels, a sub-portfolio, or the full collection.*



*Per Burlington lease, Lot 2 can only be included if sold with the mall premises. Please contact JLL team for details on the remaining collateral.

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Atributos

Área de construcción bruta
23.394 m²
Ocupación
94 %
Área de terreno bruta
6,86 ha
WALT
7.1 años
The Westgate Collection (6 Propiedades)
The Westgate Collection (6 Propiedades)

Medios

Aspectos destacados de la inversión

  • 251,812 SF Grocery anchored collection of six outparcels


  • Shadow anchored by the #5 most visited regional mall in Massachusetts


  • Dominant Market Basket location ranked #10 in the chain and in the top 1% of grocery stores in MA (2.3M Annual Visits)


  • 100% of gross income from national and credit tenants with over 7 years of WALT


  • Strong recent leasing momentum; nearly 25,000 SF of renewals and 10,500 SF of new leases in the last 12 months


  • Exceptional access and visibility from major regional roadways 


  • Institutional quality demographics with over 187,000 people living within five miles generating incomes above $114,000
The Westgate Collection 4_Propiedad en venta
The Westgate Collection 4_Propiedad en venta

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Última actualización
Jul 18, 2024