Atlantic Capital Partners has completed the $5.2 million disposition of a stabilized retail property at 625 Southern Artery in Quincy, MA. The 1.70-acre site was sold to an undisclosed buyer, with Atlantic Capital Partners acting as the exclusive representative for the seller in the transaction. The assignment was led by Justin Smith, Head of Capital Markets, alongside Senior Associate Danielle Turpin and Associate Matt Ericson.
The property is improved with a 22,100-square-foot retail building that is fully leased to Goodwill and Pet Supplies Plus, providing a stabilized income stream. In addition to these long-term tenants, the asset benefits from a licensing agreement with Artery Garden Center, which contributes further income at the site. Atlantic Capital Partners notes that this combination of fully leased space and supplemental income positions the asset as a reliable cash-flowing investment with long-term redevelopment potential.
Located in Quincy, the property sits in a densely populated suburban community approximately 10 miles south of Downtown Boston. According to Atlantic Capital Partners, the location allows retailers at the center to draw from a strong local customer base of 129,578 residents within a three-mile radius, with average household income exceeding $122,000. These demographic fundamentals support ongoing tenant performance and underpin the stability of the retail center.
Connectivity is another feature of the asset, with the site positioned about eight minutes from Interstate 93, the region’s primary north-south expressway. This proximity to a major transportation corridor enhances regional access for both customers and tenants, strengthening the property’s positioning within the broader Boston-area retail market.
By combining a fully leased rent roll, an additional income stream from a garden center licensing agreement, established national and regional retailers, and favorable surrounding demographics, the sale of 625 Southern Artery reflects continued investor interest in stabilized, income-producing retail assets in mature suburban locations. While the buyer’s identity was not disclosed, the transaction highlights ongoing capital flows into well-located neighborhood retail with potential for future redevelopment.
