The Westgate Collection_Property for Sale
The Westgate Collection_Property for Sale
Brockton, MA, US, Americas

The Westgate Collection

Portfolio description

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.

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Attributes

Building area gross
251,812 sf
Occupancy
94%
Land area gross
16.94 acres
WALT
7.1 years
The Westgate Collection (6 Properties)
The Westgate Collection (6 Properties)

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Investment highlights

  • 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_Property for Sale
The Westgate Collection 4_Property for Sale

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Last updated
Jul 11, 2024