FOR SALE | RETAIL CONDOMINIUM | +/- 9,474 SF
Boston Realty Advisors has been exclusively retained to sell the retail condominium interest at the Shops at the Belclare, Wellesley, located in Wellesley, Massachusetts, one of Boston’s most affluent suburbs. Belclare Wellesley consists of +/- 9,474 square feet of ground floor retail and/or restaurant space located in the high end city center of historic Wellesley Square.
Completed in 2016 Shops at the Belclare, Wellesley was thoughtfully designed to incorporate the traditional local architecture while activating the streetscape to attract foot and car traffic. The property is leased to a strong mix of experiential retailers, the majority of whom have roots in some of Boston’s most prominent shopping corridors including: Lash L’Amour, Barber Walters, La Mia Moda, CouCou, Agnes Optical, Legit Activewear, Laer Realty and Atelier.
Substantiating the areas strength, Smith & Wollensky recently opened a new location immediately across the street. Fiorella’s Express, a fast casual Italian eatery, also opened a new restaurant in Church Square.
The twenty-five residential condominium units above The Shops at Belclare were completely sold out with prices ranging from $1,500,000 to $3,000,000 and an average sale price of over $1,000 per square foot. The residential component provides daily pedestrian traffic to The Shops at Belclare, Wellesley.
Shops at Belclare, Wellesley is a prime location for incoming retailers and restaurants due to its location within the heart of Wellesley Square. It was recognized by Boston Magazine as one of the “Best Places to Live 2018.” The vibrancy of the town and the highly dense and affluent population create a synergy that is often hard to come by in a suburban setting.
We will conduct tours over the next several weeks with a call for offers to follow.