Quincy-based The Grossman Cos. Inc. and Boston’s Dinosaur Capital Partners have purchased the former Borders Bookstore at The Marketplace at Braintree for $4.05 million.

The 27,500-square-foot store, located at 255 Grossman Drive, was last assessed for $5.2 million, according to records obtained from The Warren Group, publisher of Banker & Tradesman.

"This is one of the top retail power centers in New England," said David Grossman, head of acquisitions at Grossman. "We consider this irreplaceable real estate and believe our cost basis is compelling; as a result we were able to execute in an extremely tight time frame."

"We believe it will be a highly sought-after property by either a single tenant or alternatively can be subdivided for two users," said Mark Dufton of Dinosaur.
"It may be an old trope, but in retail real estate, it’s ‘location, location, location’ and this asset represents one of the best locations for retailers in New England," said Scott Oran of Dinosaur.

Key anchors at The Marketplace at Braintree include Best Buy, The Sports Authority, K Mart, Babies R Us, Staples, Petsmart and Bed Bath & Beyond.

Borders filed for Chapter 11 bankruptcy earlier this year, leaving six Bay State stores available for the picking.