MAG RE Holdings Acton LLC Acquires Retail Property In Acton, MA For $9.6M

The recent sale of three parcels at Nagog Park’s Nagog Mall in Acton, MA has been announced. The sale price for the retail property was $9,600,000, with a total area of 53,761 square feet. This equates to a price per square foot of $179. The transaction closed in late August 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $9,600,000
• Address: 5 Nagog Park, Acton, MA
• Market: Acton, MA

The buyer, MAG RE Holdings Acton LLC, acquired the property from the seller, KVA Nagog LLC. The brokers involved in the deal were Chris McMahon, Travis Ginsberg, and Danny Schwarz from Summit Realty Partners.

Nagog Mall is situated within Nagog Park, a 750,000 square foot office park with a mix of Class A, B, and C buildings. The shopping center, located on Route 2A, consists of One Nagog Park, which spans 1.41 acres and comprises two buildings totaling 6,073 square feet; Three Nagog Park, covering 3.98 acres with a 9,360 square foot building; and Five Nagog Park, occupying 6.44 acres with two buildings totaling 38,328 square feet. The sale of the 11.56-acre property signifies a selling price of $179 per square foot.

Summit Realty Partners, Inc., a full-service commercial real estate firm based in Lexington, Massachusetts, handled the leasing of Nagog Mall since 2016. The seller initially acquired Nagog Mall in 2004, and Summit Realty Partners enjoyed a fruitful relationship with them throughout the years. The firm is pleased to have facilitated the property's sale to its new owner.

For more information about Summit Realty Partners Inc., visit their website at www.summitrealtypartners.com or contact them at 781.862.9700 X3 / [email protected].