McMahon, Ginsberg, and Schwarz of Summit Realty Partners, Inc. sell Nagog Park Shopping Center in Acton, MA for $9,600,000

Acton, MA: October 21, 2022: Summit Realty Partners, Inc. is pleased to announce the recent sale of three parcels at Nagog Park’s Nagog Mall on Route 2A in Acton, MA for $9,600,000.

The sale included One Nagog Park which is 1.41 acres with two buildings totaling 6,073 +/- sf, Three Nagog Park which is 3.98 acres with a 9,360 +/- sf building and Five Nagog Park which is 6.44 acres with two buildings totaling 38,328 +/- sf for a total of 11.56 acres improved with 53,761 +/- sf of retail space. The sale closed in late August 2022 and represents a selling price of $179 per square foot.

Nagog Mall is the first visible property from Route 2A of Nagog Park, a 750,000 square foot, Class A, B and C office park with ownership that includes Avalon Acton, a 380-unit Class-A apartment complex. Nagog Mall was purchased by the seller in 2004 and Summit Realty Partners began working on the leasing the shopping center in 2016. Summit greatly enjoyed working with the seller over the years at Nagog Mall and is happy to have been able to assist with the sale of the property to the new owner.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact us at 781.862.9700 X3 / go@sumrp.com.  We look forward to hearing from you.

Posted on October 21, 2022