Faris Lee Investments Arranges $6.6M Sale of Retail Property in Massachusetts

648-Old-W-Central-St-Franklin-MA

Starbucks Coffee, Noodles Co. and MedPost Urgent Care occupy the 8,911-square-foot Franklin Shops.

FRANKLIN, MASS. — Faris Lee Investments has brokered the sale of Franklin Shops, a newly developed retail property located at 648 Old W. Central St. in Franklin. A private investor acquired the property from a private developer for $6.6 million. Starbucks Coffee, Noodles Co. and MedPost Urgent Care occupy the 8,911-square-foot property, which was completed in 2015. All three tenants have new, 10-year net leases in place. Matthew Mousavi and Patrick Luthre of Faris Lee Investments represented the seller in the transaction.

 

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