W
instanley Enterprises, LLC of Concord, MA and Surrey Equities, LLC of New Jersey have acquired Chelmsford Mall, a 225,000 square-foot open-air shopping center in Chelmsford, MA. The $28 million purchase was made privately off-market from the original local developer who owned it since the early 1970s.

    Located on Route 110 at 265 Chelmsford Street, the 22.4-acre property boasts steady drive-by traffic volumes and over 1,000 parking spaces. Its prime location on the Chelmsford/Lowell border offers easy access to major highways. The mall is fully leased with seven established retailers, including Kohl's, Michaels, PetSmart, Staples, Famous Footwear, Carter's, and Best Fitness.

    "This acquisition presents a unique opportunity to own a thriving location with top-tier retailers," said Adam Winstanley of Winstanley Enterprises. "We see this as a strong long-term investment in the Chelmsford area."

    The new owners plan to continue operating the mall as is, making improvements to enhance its aesthetic appeal. These upgrades will include exterior painting, parking lot enhancements, landscaping, and signage updates.

    Winstanley Enterprises also owns Chelmsford Town Center, a 41,000 SF retail center in downtown Chelmsford. Surrey Equities has a portfolio of over 2 million square feet of retail property across the Eastern United States.