Middlesex Marketplace Trades Hands in Burlington
Middlesex Marketplace Trades Hands in Burlington
Crow Holdings Capital Partners-Real Estate (CHC-RE), a Dallas-based asset manager of private equity real estate funds, acquired the Middlesex Marketplace in Burlington, MA for $29 million, or approximately $758 per square foot.
The 38,243-square-foot shopping center was constructed in 2013, and is currently home to Del Frisco’s Grille, Calvo Inc., Sleep Number, Visionworks, Qdoba, Bassett Home Furnishings and Ideal Image Laser Hair Removal, among others.
The acquisition marks the second Burlington investment in four months for CHC-RE, which acquired the 31,623-square-foot The Shops at Mall Road in October for $14.75 milllion, according to CoStar information.
Geoffrey Millerd, Justin Smith, Paul Penman and Christopher Peterson of Newmark Knight Frank Capital Markets in Boston represented the private seller in negotiations.
Please see CoStar COMP #4096799 for more information on this transaction.
