AlpCentral Acquires Retail Asset From STMC LLC In Wellesley For $6M

The property involved in this transaction is a multi-tenant retail center located at 79 Central St, Wellesley, MA, 02482. The center has a transaction amount of $6,000,000 and is situated in the Wellesley market, currently 83% occupied. The tenant mix includes fitness, health, and beauty shops.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,000,000.00
• Seller: STMC LLC
• Buyer: AlpCentral
• Seller's Representative: Marilyn Santiago
• Buyer's Representative: Arlon Brow

Marilyn Santiago represented the seller, STMC LLC, in this transaction, while Arlon Brow acted on behalf of the buyer, AlpCentral. This deal was arranged by SVN | Parsons Commercial Group.