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February 12, 2024

Trader Joe’s plaza in Acton bought for $21M by owner of Framingham Whole Foods center

A shopping plaza Image | Courtesy of Google Maps The Brookside Shops in Acton

A shopping plaza in Acton featuring national brands including Trader Joe’s and Staples has been sold for $21 million.

The Brookside Shops, located at 145 Great Road in Acton, was sold in a deal finalized on Friday, according to Middlesex South Registry of Deeds records. The property was sold to Brookside Owner LLC.

Brookside shares managers and an address with Crosspoint Associates, a real estate firm based in Newton, according to Massachusetts Secretary of the Commonwealth records. Crosspoint owns properties throughout New England, including the Whole Foods Marketplace in Framingham and the Golden Triangle Shopping Center in Natick.

The property was sold by 145 Great Road LLC, a corporation managed by Clarion Partners, a global real estate asset management company based in New York City. 

Great Road purchased the property for $33.5 million in 2016, according to Town of Acton property records. The property was given a tax assessment value of $12.2 million in fiscal 2024. 

The 13-store plaza features 120 parking spots and was built in 2002, according to LoopNet, an online real estate listing service. In addition to Trader Joe’s and Staples, Brookside Shops is also home to XGolf, a business featuring indoor golf simulators, and Chico’s, LOFT, and Talbots, three separate retail stores dealing in women’s apparel. 

CORRECTION: An earlier version of this story incorrectly said that Crosspoint Associates owns the Whole Foods Marketplace in Shrewsbury. The firm actually owns the Whole Foods Marketplace in Framingham. 

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February 13, 2024

Hmmm...bought for 33.5 M and sold for $21 M...not good!! :/

February 13, 2024

I suspect rent is going up.

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