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FRANKLIN, MA-A 25,852-sf retail building in Franklin that is home to the Boston Sports Club has been sold for $3.6 million to Davis Marcus Partners in a transaction that gives the firm, formerly known as the Davis Cos., its first retail holding in this town southwest of Boston.

Jonathan Aron, the lead broker on the deal for NAI Hunneman Commercial’s Boston office, tells GlobeSt.com that the property, located at 750 Union St., drew several investor offers during its six months on the market but it was the buyer’s reputation as a deal closer and its strong acquisition offer that won over the seller, APCA TSI, LLC of Boston.

“I think they saw it as a good location with a stable tenant,” says Aron, noting that the site, located just off Interstate 495, also may offer the new owner “other development potential down the road.” Aron adds it is unclear how much further development the site would support.

The building is rented by Town Sports International, a leading owner and operator of fitness clubs in Boston, New York, Washington and Philadelphia. The tenant, which does business under the Boston Sports Club banner, has a lease commitment at the Franklin property for the next nine years, Aron says.

Davis Marcus Partners, which has acquired or redeveloped more than one million sf of retail property, is the owner of the Boston Design Center and Charles River Park , both in Boston, along with retail space in Worcester, Spencer and Weymouth, MA, and Salem, NH. The company also has office, residential, industrial and healthcare holdings along the eastern Seaboard.

Aron along with Robert Tito and Lowell Peabody, also with NAI Hunneman Commercial, represented the seller in the transaction and also procured the buyer.

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