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Single-tenant Retail Building Sells For $19M

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The 64,227-square-foot property is located in Shrewsbury, Mass., and is triple-net leased to Price Chopper, a family-owned grocery chain. : JLL Capital Markets has arranged the sale of a 64,227-square-foot, freestanding single-tenant retail building in Shrewsbury, Mass., for $19 million. The brokerage firm worked on behalf of the seller, an entity represented by Nigro Cos. Hunneman Real Estate represented the buyer, Coventry Crossing LLC. Located at 733 Boston Turnpike, the asset is just off Freeway 9, within 3 miles of Shrewsbury’s downtown, a city situated between Worchester and Interstate 495, around 37 miles from Boston.

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