Stop & Shop grocery property in Beverly, Massachusetts, trades for $8.5M

BOSTON, May 6, 2026 –  JLL Capital Markets announced today that it has arranged the $8.5 million sale of Stop & Shop – Beverly.

JLL represented the seller, Dudley Miller, Trustee of Enon Street Realty Trust and procured the buyer, Transom Real Estate, Beverly TRE LLC.

The property is strategically positioned at 37 Enon St., along the heavily trafficked Enon Street corridor near Massachusetts Route 128. This prime location offers excellent visibility in one of the North Shore's most desirable residential communities, known for its strong school district, coastal amenities and convenient access to Boston.

The 60,666-square-foot retail property is 100% leased to Stop & Shop, which has operated at the location since 1986. The site sits on 4.9 acres and holds significant historical value as the original location of the first Marshalls store in the United States, circa 1956. The property has been owned by the Marshalls family since its inception, making this a legacy transaction. 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Director Alex Quinn with support from Zach Nitsche, Sam Wiesman and Joe Marinaro.

"This property represented a unique opportunity to acquire a cash-flowing retail asset with significant optionality in one of Greater Boston's most sought-after communities," said Quinn. "The property's exceptional location, strong demographics and historic relevance made it an attractive opportunity for the buyer."

Beverly is located approximately 22 miles northeast of Boston and benefits from excellent connectivity via Interstate 95, Route 1A and the MBTA Newburyport/Rockport commuter rail line. The surrounding area features strong demographics, with more than 130,000 residents within a five-mile radius generating average household incomes above $140,000. Stop & Shop remains operational with a brand-new façade and has several options on their existing lease. 

“Enon Realty Associates is pleased to have completed the sale of our Enon Street property to Transom Real Estate," added Dudley Miller. "Since the property is the site of the first Marshall’s store that opened in 1956, we are glad that it will now be owned by Transom, a well-established firm. We are very appreciative of the excellent work done by the JLL Capital Markets team who diligently guided us through the entire process.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.