Clarion Partners, LLC, a New York-based investment management firm, has selected KeyPoint Partners, LLC (KPP) as the property manager for Brookside Shops in Acton, Massachusetts, according to William Lawler, Partner/Director of Property & Asset Management of the firm. Clarion Partners recently purchased the center on behalf of a separate account client of the firm.
Brookside Shops is a 97,000 square foot lifestyle center on Great Road (Route 2A) in Acton. Tenants at the center include Trader Joe’s, Talbots, Eastern Mountain Sports, Elizabeth Grady, Pier One Imports, and Staples.
Representatives of Clarion Partners and KeyPoint Partners met with the Acton Planning Board last week, to introduce themselves as the new owner and manager of the property, and to further expand their understanding of the Acton community and Brookside Shops’ place in it.
“We want to ensure that Brookside Shops continues to be a vibrant center for the community of Acton and the surrounding towns” says Lauren Holden. Senior Vice President and Asset Manager at Clarion Partners. “We’re actively seeking a quality café or restaurant to add, providing the local resident a place to sit, eat and relax at Brookside Shops.”
“We’re very comfortable awarding this assignment to KeyPoint Partners, a local company with a wealth of retail experience and insight, and strong ties to the area,” Holden added. KeyPoint Partners, located in Burlington, manages several properties in communities surrounding Acton, such as Concord, Lexington, and Stow.
“Brookside Shops is a unique, high-quality property,” Lawler says. “We’re very pleased that Clarion Partners recognized that our considerable retail management expertise and experience are the right fit for their new asset.”
About KeyPoint Partners
Headquartered in Burlington, MA, KPP is the region's premier commercial real estate service firm, providing property & asset management services for more than 22 million square feet of retail, office, and industrial properties, leasing for retail properties totaling more than 7 million square feet, and tenant representation services for local, regional, and national retailers. The firm provides a wide range of services to retailers, property owners, and financial institutions. For more information about KPP’s services, visit our Services Page.
About Clarion Partners
Clarion Partners, an SEC registered investment advisor, FCA authorized manager and FINRA member firm, has been a leading U.S. real estate investment manager for more than 34 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, D.C. With $43.1 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.