Springfield Crossing | Super Regional Shopping Center
New Construction | 232,006 SF
Marketing description
Atlantic Capital Partners has been exclusively retained to market for sale Springfield Crossing, a newly constructed, 232,006 square foot regional power center located at 1655 Boston Road in Springfield, Massachusetts. Situated at the epicenter of Western Massachusetts’s primary retail corridor, Springfield Crossing represents one of New England’s most significant retail redevelopment stories — a $147 million transformation of the former Enfield Mall into a modern, open-air shopping destination anchored by two of retail’s most durable and traffic-generating brands.
Leased to BJ’s Wholesale Club and Hobby Lobby, the property is co-tenanted by a best-in-class roster of national retailers including PetSmart, La-Z-Boy, Chick-fil-A, Chipotle, Chase Bank, Skechers, and Carter’s. Springfield Crossing is 99% leased or committed across 228,756 square feet — delivering a near-stabilized asset to market at the outset of its operating history.
As the only open-air power center of its scale between Worcester and Albany, Springfield Crossing resides at an uncontested position in Western Massachusetts’s primary retail market and presents a unique opportunity to acquire a newly built, institutional-quality asset with long-term NNN leases, a recession-resistant tenant roster, and meaningful barriers to new competition.
Springfield Crossing is being offered without a formal asking price with a Call For Offers to be scheduled.
Investment highlights
- 232,006 SF Regional Open-Air Shopping Center
- New, Long-Term Leases With a 15.8-Year WALT Remaining
- Largest Open-Air Shopping Center Between Worcester, MA and Albany, NY
- 99% Leased to 16 Traffic Generating Brands
- Located in Springfield's Dominant Retail Node - Boston Road
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