Chase Bank Acquires Retail Property In Ashland, MA For $3M

The former Mazi restaurant site at 320 Pond Street in Ashland, MA, has been sold to Chase Bank for $3 million. The asset, a retail property spanning 38,333 square feet, was acquired by Chase Bank with plans to create two commercial spaces, one of which will house a Chase Bank branch.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,000,000
• Address: 320 Pond Street, Ashland, MA
• Market: Ashland, MA
• Square Footage: 38,333
• Price per Square Foot: $78
• Buyer: Chase Bank

Chase Bank emerged as the buyer in the transaction, acquiring the property at 320 Pond Street. With the purchase, Chase Bank intends to transform the site into two commercial spaces, one of which will operate as a new Chase Bank branch.