Marrett Square retail shopping center in Lexington has sold for $2.5 million to Stone River Properties LLC.
NAI Hunneman brokers Robert Tito Sr., executive vice president/principal; and Gina Barroso, sales associate, represented seller Camblex Realty Trust in the transaction. They also procured the buyer.
Located on Marrett Road, Marrett Square is a retail shopping center occupied by regional and local tenants such as Anton’s Cleaners, Boston Nail & Spa, Blue Vintage Salon and Royal Pastry. The 16,791-square-foot retail center is located at a highly trafficked intersection with a signal light that is 1.5 miles from Interstate 95 and 0.5 miles from Lexington Center.
"With its location along Route 2A in Lexington, one of nation’s most historic, affluent and desirable suburban locations, Marrett Square is truly a unique retail property," said Tito. "A strong roster of well-established tenants also contributed to making Marrett Square an extremely desirable investment for its new owners. The property was highly sought-after with more than 10 bids at the ‘call for offers’ date."





