Press Releases
Marcus & Millichap Brokers $7.2 Million Sale of Anchored Retail Center in Massachusetts
May 13, 2025
BOSTON, May 13, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Leominster Plaza, a 20,279-square-foot anchored retail center in Leominster, Massachusetts, for $7.2 million.
“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 investments. “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 in Marcus & Millichap’s Boston office, exclusively marketed the property on behalf of the seller and procured the buyer.
Located at 20 Commercial Road, the plaza sits on a 2.02-acre parcel and is anchored by ConvenientMD, which has more than 13 years remaining on its lease. Other tenants include GEICO, ARA Leominster Dialysis and Kids Care+, all operating under triple-net leases. The property is adjacent to Route 2 and sits within the largest retail hub in the area, near the 744,000-square-foot Mall at Whitney Field and national retailers such as CVS, Starbucks and The Home Depot.
“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 investments. “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 in Marcus & Millichap’s Boston office, exclusively marketed the property on behalf of the seller and procured the buyer.
Located at 20 Commercial Road, the plaza sits on a 2.02-acre parcel and is anchored by ConvenientMD, which has more than 13 years remaining on its lease. Other tenants include GEICO, ARA Leominster Dialysis and Kids Care+, all operating under triple-net leases. The property is adjacent to Route 2 and sits within the largest retail hub in the area, near the 744,000-square-foot Mall at Whitney Field and national retailers such as CVS, Starbucks and The Home Depot.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
