Atlantic Capital Partners Finalizes $20.5M Sale of 160K SF Midland Commons Retail Center

Atlantic Capital Partners has finalized the $20.5 million sale of Midland Commons, a 160,448-square-foot retail power center in Warwick, Rhode Island. The property, situated on 23.17 acres near the intersection of Bald Hill Road and Interstate 295, is anchored by major national tenants including Dick’s Sporting Goods, Burlington, and Planet Fitness. The site serves a trade area of over 181,000 residents within a five-mile radius and includes 23,508 square feet of currently vacant space offering value-add potential.

Montreal-based Brasswater acquired the asset, supported by a $15 million non-recourse loan arranged by Atlantic Capital Partners. The financing, provided by an alternative asset manager, is intended to facilitate the acquisition and assist in the stabilization of the center through the lease-up of the two remaining suites. Atlantic Capital Partners represented both the buyer and seller in the transaction.