Atlantic Capital Partners Sells Lowe’s in Framingham for $32.6M

Framingham, MA, September 25, 2025

News Summary

Atlantic Capital Partners has finalized the sale of a Lowe’s property located in Framingham, Massachusetts for $32,600,000. Spanning 9.53 acres and ground-leased to Lowe’s, the transaction reflects a strong investor interest in large-format retail spaces within high-performing suburban markets. The property benefits from its prime location, with daily traffic volumes of nearly 26,000 vehicles and proximity to other major retailers, making it a valuable asset in New England’s largest suburban retail concentration.

Framingham — Atlantic Capital Partners has announced the sale of a Lowe’s located in Framingham, MA, in a transaction that closed at $32,600,000. The property spans 9.53 acres and is ground-leased, and the sale reflects strong investor confidence in large-format retail and high-performing suburban markets.

Transaction Details

The sale price for the asset was $32,600,000. The property spans 9.53 acres and is ground-leased. The property is leased to Lowe’s on a long-term NNN (triple net) basis, offering stable and predictable cash flow and minimal landlord responsibilities. Atlantic Capital Partners exclusively represented the seller and secured the buyer for this transaction. The transaction was managed by Atlantic Capital Partners’ Capital Markets team.

Capital Markets Team

Key members of the Capital Markets team include: Justin Smith (Head of Capital Markets), Chris Peterson (Executive Vice President), Sam Koonce (Vice President), Danielle Turpin (Associate), and Matt Ericson (Senior Analyst).

Location and Market Characteristics

The Lowe’s site is located on Route 30 in Framingham, just west of downtown Boston. The property benefits from daily traffic volumes of 25,953 vehicles. Major national retailers surrounding the site include Stop & Shop, Target, and BJ’s Wholesale Club. The location is the only Lowe’s west of downtown Boston, significantly enhancing its marketability.

The local population within a five-mile radius of the site exceeds 147,000 residents. The Framingham/Natick retail corridor is recognized as New England’s largest suburban retail concentration. The strategic location of Framingham offers seamless access to Boston and Worcester, the two largest cities in Massachusetts. These factors contribute to a high barrier to entry in the submarket and sustained demand for large-format retail.

Investment Context and Implications

The sale underscores the demand for large-format retail in high-barrier-to-entry submarkets like Framingham. The asset’s long-term NNN lease structure supports stable income and limited landlord obligations, attributes that generally attract institutional and private capital seeking predictable cash flows. The combination of elevated traffic, dense nearby retail nodes, and a sizable population base within five miles helped position the property to achieve the reported sale price.

Supporting Details

Atlantic Capital Partners managed the process through its Capital Markets platform and handled exclusive representation of the seller while securing the buyer. The transaction highlights continued investor interest in high-performing suburban retail assets, particularly those with strong tenant credit and favorable location characteristics.

Background

Large-format retail assets with long-term, tenant-credit-backed leases have remained in demand among investors seeking yield and stability. Suburban retail corridors that concentrate national retailers and produce consistent traffic volumes typically command interest due to their resilience and limited opportunities for redevelopment. The Framingham location, as part of the broader Framingham/Natick retail corridor, benefits from regional draw and connectivity to major Massachusetts population centers.

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Additional Resources

• Boston Real Estate Times: Atlantic Capital Partners Sells Ground-Leased Lowe’s in Framingham for $32.6 Million
• MetroWest Daily News: L.L. Bean Plans Framingham, MA Store Opening Late Fall 2025
• Boston Globe: Carvana Framingham Jobs
• Boston Real Estate Times: Developer Sells Renovated Framingham Apartment Complex for $7.5 Million
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