Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1972
Building Area Net
Occupancy 88.0 %
Call for Offers

Property description

JLL Capital Markets has been exclusively retained to market the sale of Liberty Tree Shopping Center, a 454,018 SF regional power center located within the Boston MSA in Danvers, Massachusetts. Conveniently situated off both Route 128 and Route 114, the Property is just +/- 3.5 miles from the interchange of Interstate 95 and Route 1, two of greater Boston’s major thoroughfares. Liberty Tree serves a densely populated trade area of over 547,000 people living within a 10-mile radius with an average household income of over $122,000. Liberty Tree offers an impressive anchor tenant line-up of AMC Theatre, Marshalls, Michaels, Total Wine & More and a brand new Aldi (currently under construction), along with strong shadow anchors including Target, Home Depot, Best Buy, Nordstrom Rack, and Kohl’s.


Liberty Tree Shopping Center offers investors a rare opportunity to add value through a multi-dimensional repositioning of the current mall. Situated on over 41+ acres, there is ample FAR available to increase density on the site with possible uses including office, medical office, and hotel.

Investment highlights

• 454,018 SF Dominant Shopping Center 


• Strong Leasing Momentum - 30,000 SF of new leases in the last 6 months 


• Significant value creation through long term redevelopment 


• Strong Access and Visibility - Located off Route 128/114 & close to the I-95/Route 1 Interchange


• Best In Class, Credit Tenancy - 80% of revenue from national retailers 


• High Traffic Shopping Center with Dominant Shadow Anchors, Home Depot, Target, Kohl's and Nordstrom Rack


Last Updated Date: 25 Jul 2022

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Last Updated Date: 25 Jul 2022

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