Clarion acquires Boston-area center

New York-based Clarion Partners has acquired Brookside Shops, a Trader Joe’s-anchored center in Acton, Massachusetts. The company did not disclose the purchase price.



“Brookside Shops is a well-positioned retail center with excellent fundamentals located in a highly affluent trade area,” said Clarion director Gary Rufrano.



The center is located 25 miles from Boston within the I-495 beltway on Great Road, a well-trafficked artery in Acton, whose average household income tops $123,000, according to Clarion.



The 75,781-sq.-ft. center also counts Staples, Talbot’s, and Pier 1 among its tenants.

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