**Healthcare-Anchored Leominster Plaza Sold for $7.2M**
Marcus & Millichap has completed the sale of Leominster Plaza, a 20,279-square-foot, healthcare-anchored retail center located in Leominster, Massachusetts, for $7.2 million. The identities of the buyer and seller were not disclosed.
“After considering offers from multiple buyers, we ultimately settled on a buyer with other similar properties in the area,” said Adam Cohen, First Vice President of Investments at Marcus & Millichap. “They found the combination of service-oriented tenants, some of whom have corporate-backed leases, very attractive.”
Cohen and Brett Kilar of the Cohen Group, investment specialists at Marcus & Millichap’s Boston office, represented the seller and secured the buyer in the transaction.
Situated at 20 Commercial Road, Leominster Plaza occupies a 2.02-acre parcel. The center is anchored by ConvenientMD, which has more than 13 years remaining on its lease. Additional tenants include GEICO, ARA Leominster Dialysis, and Kids Care+, all operating under triple-net leases. The property is located adjacent to Route 2 and is positioned within the largest retail hub in the area.
