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31819005
31819006

1655 Boston Rd, Springfield, MA 01129

CP
MA 9533428
Atlantic Capital Partners
DT
MA 9569555
Atlantic Capital Partners
ME
MA 9571461
Atlantic Retail Boston
MA
MA MA 9585718
Atlantic Capital Partners
Listed by Atlantic Capital Partners, Atlantic Retail Boston
Unpriced
63 days on market
Updated 63 days ago

Springfield Crossing | Super Regional Shopping Center

Details
Property Type Retail
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 232,006
Units 16
Occupancy 99%
Tenancy Multi
Brand/Tenant Chick-fil-A, Chipotle (+7)
Lease Type NNN
Rent Bumps Yes
Lease Options See Rent Roll
Class A
Year Built 2025-2026
Buildings 7
Acreage 28.500
Zoning BUS-A (Business A)
Parking Spaces 3.90 per 1,000 sq ft
Investment Type Institutional
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Sale Condition 1031 exchange

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

Listing Contacts

CP
MA 9533428
Atlantic Capital Partners
DT
MA 9569555
Atlantic Capital Partners
ME
MA 9571461
Atlantic Retail Boston
MA
MA MA 9585718
Atlantic Capital Partners
Listed by Atlantic Capital Partners, Atlantic Retail Boston

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Additional Information

Name
Chris Peterson
License
9533428
Brokerage
Atlantic Retail
Name
Danielle Turpin
License
9569555
Brokerage
Atlantic Capital Partners
Brokerage Phone
9788660855
Title
Associate
Brokerage Address
55 Huntington Avenue
Name
Matt Ericson
License
9571461
Brokerage Phone
617-239-3600
Name
Matt Austin
License
MA 9585718
Brokerage
Atlantic Capital Partners
Brokerage Phone
6172393600
Title
Real Estate Salesperson
Brokerage Address
55 Huntington Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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