Highgate Commons

Saint Albans, VT
On the Market
Property Type :
Year Built :
Property Size :
33.12 acres / 224,058 Sft


Highgate Commons is a 224,000 square foot grocery anchored shopping center located in Saint Albans, Vermont. Highgate Commons offers investors an exciting opportunity to acquire a grocery anchored shopping center featuring major upside with a CAGR of 5.20%, an attractive mix of national tenants, strong anchor sales, low rent, and an opportunity to create value through leasing the available 36,683 square feet of vacancy, 25,000 square feet of which has a brand new roof.

Property Summary

Hannaford Supermarket, northern New England’s dominant grocer, T.J.Maxx, and Peebles comprise a combined 50% of the property’s total square footage and 48% of the property’s rental revenue. With strong sales of $686 per square foot and below market rent, Hannaford enjoys a health ratio (occupancy cost) of only 1.2%. In addition, T.J. Maxx generates healthy sales of $233 per square foot and has a health ratio of only 5.0%. The impressive strength of the anchor’s sales is a testament to the dominance of Highgate Commons within its trade area.


Located at the intersection of Interstate 89 and State Routes 7 and 207, Highgate Commons is ideally positioned at the literal and figurative crossroads of northwestern Vermont. The Property benefits from significant connectivity with other communities both inside and outside of Vermont’s Franklin County via the center’s proximity to major roadways. In particular, Interstate 89 significantly expands the center’s effective trade area, attracting shoppers within 30 miles of the property. The center’s extensive trade area allows the center to capture areas as far south as Burlington and the University of Vermont.



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Contact Information

James KouryOne Post Office Square
Suite 3500
Boston, MA 02109
P: 6178481554
F: 6173382150

Jaime Fink150 North Riverside Plaza
Suite 2500
Chicago, IL 60606
P: 3125283683
F: 3125283651