Updated Dec 26, 2025
Industrial Commercial Properties LLC Acquires Solomon Pond Mall From David E. Simon For $8.5M
601 Donald J Lynch Boulevard
$8,500,000
Building Size
—
Asset Type
Retail
Closing
Dec 23, 2025
About this deal
AI
The property involved in the transaction is a retail asset located at 601 Donald J Lynch Boulevard in Marlborough, MA. It was sold for $8,500,000, which is significantly lower than its 2023 valuation of $30.4 million, reflecting the current challenges faced by mall properties in New England.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Buyer: Industrial Commercial Properties LLC
- Seller: David E. Simon - Simon Property Group
The transaction highlights notable entities in the retail property market, specifically involving Industrial Commercial Properties LLC as the buyer and David E. Simon, representing Simon Property Group as the seller. This deal underscores the ongoing distress faced by malls and retail spaces in the region.
On the Map
$8,500,000
Retail
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Players
Marlborough Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93