FRAMINGHAM – Grossman Development Group has acquired Bay State Commons, a mixed-use, 261,672-square-foot development in the heart of downtown Westborough.
The Roche Bros.-anchored outdoor lifestyle center abuts a 2-acre town park and features a variety of dining, shopping, health and wellness offerings, including Boston Interiors, Reliant Medical, Boston Ski & Tennis, Ted’s Montana Grill and Panera Bread.
The price was undisclosed.
“This property has enormous potential to create a compelling downtown destination and gathering point for Westborough and the surrounding communities,” said Jeremy Grossman, principal of Grossman Development Group. “Our company excels at curating sustainable merchandising and improving the customer experience in public spaces, which will be a terrific complement to existing downtown programming.”
GDG, and the Baystate Westborough LLC partnership including Mark Reardon, acquired the shopping center and plans significant investment in property improvements, including new sidewalks, upgraded landscaping, signage and community-focused events.
The acquisition of Bay State Commons continues GDG’s portfolio expansion focused on grocery-anchored value-add properties in strong communities throughout New England and beyond.
Bay State Commons is strategically positioned between Boston and Worcester at the intersection of routes 30 and 135, less than five minutes from routes 9 and I-495.
The property retail leasing is currently represented by Todd Alexander at Kelleher & Sadowsky.
For more information, please visit www.grossmanre.com.
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