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Fully-Leased Retail Power Center for Sale

Tuesday, October 18, 2016

Update: This property is no longer on the market since it sold. Click here for more information on the sale brokered by HFF.

Retail Property for Sale in MassachusettsHolliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Holyoke Crossing, an attractive, 140,000-square-foot, fully-leased power center in Holyoke, Massachusetts. The retail center for sale is ideally positioned adjacent to the intersection of Interstate 90 (Massachusetts Turnpike) and Interstate 91 as well as at the entrance of the 1.6 million-square-foot Holyoke Mall, one of the largest malls in New England.

Holyoke Crossing is home to several of the country’s most popular and respected retailers, including T.J. Maxx, Bed Bath & Beyond, Petco, Barnes & Noble and Ulta Beauty. The retail property for sale provides an investor with income stability from long-term leases, national tenants with strong sales and excellent accessibility. Additionally, the property is shadow anchored by and located at the only interstate entrance to Holyoke Mall, which attracts shoppers from around the region as the area's only super-regional mall in a 40-mile radius. The mall features national credit tenants, including Apple, Target, Pottery Barn, Sephora, DSW, Babies “R” Us and more, and draws shoppers to Holyoke Crossing daily.

The commercial property for sale is located at 7-45 Holyoke Street at exit 15 off Interstate 91 in Holyoke, Massachusetts, a southcentral Massachusetts community 90 miles west of Boston and 160 miles northeast of New York City. Holyoke Crossing benefits from tremendous access to a trade area of more than 1.32 million people within a 30-mile radius, including prestigious universities such as Amherst, Smith College and University of Massachusetts as well as Mount Holyoke and Hampshire College.

Retail Power Center for Sale Investment Highlights

  • Excellent Location and Access:  The property is adjacent to the intersection of Interstate 90 (Massachusetts Turnpike) and Interstate 91 (at Exit 15) – the only direct interstate access point to the super-regional Holyoke Mall.
  • Secure Cash Flow:  Currently, Holyoke Crossing is 100-percent-leased to a host of national tenants, including T.J. Maxx, Bed Bath & Beyond, PETCO, Ulta Beauty, Men’s Warehouse, Petco, Red Robin and a well-performing Barnes & Noble.
  • Holyoke Mall Shadow Anchor:  The property is located at the only interstate entrance to Holyoke Mall, which draws more than eight million shoppers annually and is the only enclosed mall in a 40-mile radius. The 1.6 million square foot Holyoke Mall is one of the largest malls in New England.
  • Strong Trade Area:  Approximately 1.32 million people with an average annual household income of $80,700 live within a 30-mile radius of the property. Additionally, there are approximately 36,000 students who attend the five local colleges in close proximity to the property.

Retail Power Center for Sale in MassachusettsHolyoke Crossing is being offered free and clear, allowing investors to take advantage of the attractive state of the debt markets or deploy a meaningful amount of equity. The fully-leased property features an excellent location with easy access in a strong trade area, a secure cash flow with popular national tenants and a shadow anchor with a regional draw.  For more information on this property or other retail properties for sale, please contact HFF Senior Managing Director James Koury in HFF’s Boston office.





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