Corporate Retail/Hospitality

Gibbons Brokers Sale of Whole Foods Expansion Site

Rendering of 575 Worcester Rd. / Rendering courtesy of HFA Creative Solutions

Framingham, MA – Crosspoint Associates has acquired a 2.75 acre site adjacent to its Whole Foods Marketplace on Route 9 in Framingham, allowing the Newton-based developer to proceed with plans to significantly expand the upscale grocery store.

Formerly home to the Colonial Nissan auto dealership, the property includes a 19,500sf showroom/office/flex space. The deal was brokered by Bernard Gibbons of the Cambridge-based Associated Brokerage Group, who represented the seller, Empire Management Corp., and procured the buyer.

The new retail center is being designed by HFA. Boston Real Estate Advisors principal Craig A. Barker represented Crosspoint Associates in the transaction

The acquisition of the site allows Crosspoint to expand the retail center to 77,249sf, with the Whole Foods store expanding by 7,163sf,  Currently the property includes a Starbucks, TD Bank, Pilates studio, and a waxing salon.

 

 

Take advantage of our 2020 subscription rates before the new year, by signing up for a monthly or annual subscription!

*Annual subscription includes 12 issues plus HP’s Green, Women in Construction, MEP, and Vision issues.

Learn More!