NEEDHAM, MA -- RK
Centers of Needham, Mass. (www.rkcenters.com),
a real estate development company which owns and manages over eight million
square feet of commercial retail space in New England and South Florida,
completed its acquisition of the Walmart Supercenter at 591
Memorial Drive in Chicopee on March 15.
Ken Fries |
Making the announcement was Ken Fries, Director
of Acquisitions for RK Centers, who noted the recent purchase occurred just a
few months after RK’s acquisition of the 114,000 SF Walmart Supercenter in
Saugus, Mass.
Nat Heald |
Brokers for the transaction were Nat Heald, Executive
VP, and Chris Angelone, Managing Director, of Jones Lang LaSalle / N. E.
Capital Markets.
RK now includes in its
portfolio five properties anchored by Walmart stores. In addition to the
new Saugus and Chicopee locations, the 387,000 SF RK Worcester Crossing;
the 160,000 SF RK North Reading Plaza, and the 275,000 SF RK Newport
Towne Center in Newport, RI.
Chris Angelone |
Fries attributes the firm’s
track record of over 35 years to its founder’s guiding principles:
minimal debt and close working relationships with tenants, customers, and local
and regional vendors.
RK Centers is a privately held family-owned real estate development company which owns and manages over eight million square feet of commercial retail space, primarily ‘open air’ regional and community shopping centers in New England and South Florida.
With a minimal amount of
leverage, the company closes on acquisitions within 30 days with its own
funds. With over 35 years of experience in real estate, RK Centers has a proven
track-record of success with tenants, customers, and communities with all leasing
and management functions performed in-house.
For company and property
information, please visit https://www.rkcenters.com
CONTACTS:
Property
Owners: Ken Fries, Director of Acquisitions – kfries@rkcenters.com
Kevin
Belmont, VP, Operations – kbelmont@RKCenters.com
(781)
320.0001
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