Winstanley Enterprises, LLC and Surrey Equities, LLC have joined forces to acquire the Chelmsford Mall in Concord, MA. The open-air shopping center spans nearly 225,000 square feet and was privately purchased for $28 million from its original local developer who had owned and operated it since the early 1970s.
Located on Route 110 at 265 Chelmsford St., the mall sits on a spacious 22.4-acre property. It is currently fully leased with seven well-established retailers including Kohl’s, Michaels, PetSmart, Staples,Famous Footwear,Carter’s,and Best Fitness.
According to Adam Winstanley of Winstanley Enterprises,”This presents a unique opportunity for us to invest in a thriving location that boasts top-tier retailers.” He added that this acquisition further solidifies their commitment towards long-term investments in the Chelmsford area.
Under new ownership by Winstanley/Surrey partnership,the mall will continue operating as usual. This marks another addition to their portfolio which already includes the nearbyChelmsford Town Center,a property they acquired back in2013.The news was first reported by Connect CRE .
