Speedway Plaza in Westborough Sells for $18.725 Mil.

CBRE/New England's Capital Markets team announced the sale of Speedway Plaza, located at 290 Turnpike Road in Westborough, for $18.725 million. 

The ±183,900 square foot, Stop & Shop-anchored shopping center is ideally located along Route 9, the region's primary retail corridor. The majority of the property is occupied by three nationally recognized tenants: Stop & Shop, Burlington Coat Factory and Chick-fil-A.

CBRE/New England's Chris Angelone, Bill Moylan, Nat Heald and Bruce Lusa represented the seller and procured the buyer, RK Centers.

“We are happy to have assisted in this transaction,” noted CBRE/NE's Angelone. “RK Centers is the right buyer for the next chapter of this property and we believe they will be successful in executing their vision.”

Speedway Plaza is located along one of the most heavily traveled sections of Route 9, which is Greater Worcester's primary retail thoroughfare. The property is immediately surrounded by a “who's who” of national retailers including Lowe's, Walmart, Target and five high-volume auto dealerships. In addition, Speedway Plaza is situated in the midst of a densely occupied and affluent trade area.