Super-Regional Power Center comprised of 415,404 Square Feet on 45.5 Acres
NEEDHAM, MASS. (Issued September 27, 2023) – RK Centers, a prominent real estate firm headquartered in Needham, MA, and Sunny Isles Beach, FL, has announced its latest acquisition – Bristol Place, now rebranded as RK Bristol Place. The Property is located at 1130 Newport Ave. (Route 1A; immediately adjacent to I-95 at Exit 2), Attleboro, MA.
Situated on 45.5 acres, the newly acquired RK Bristol Place boasts a footprint of 415,404 square feet, representing a significant addition to RK Centers’ New England portfolio.
CBRE’s Nat Heald served as the exclusive broker representing the seller, an affiliate of Unison Realty Partners. RK Centers was selected as the buyer after an extensive marketing process. Making the announcement was Kenneth Fries, RK Centers’ Director of Acquisitions. RK Centers now operates 59 retail plazas with over 7,000,000 square feet in New England.
The super-regional center has an impressive tenant roster featuring Market Basket, Home Depot, TJ Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture, and Party City. It is situated at the I-95 and Route 1A interchange, approximately eight miles north of Providence, RI. The property is adjacent to the South Attleboro MBTA Commuter Rail Station and is also accessible via Rhode Island Transit bus service.
The center serves a trade area of more than 550,000 people in southeastern Massachusetts and northeastern Rhode Island. The traffic count on Rte. 1A is approximately 35,000 vehicles per day. The I-95 traffic count is approximately 90,000 vehicles per day. The average household income within five miles is over $90,000.
With over 96% occupancy, RK Bristol Place offers leasing opportunities ranging from 1,822 square feet to 10,000 square feet, making it an attractive destination for both retailers and potential lessees. For more leasing information, interested parties can contact Andrew Fisch at (781) 320-0001 or via email at leasingne@rkcenters.com
About RK Centers: RK Centers is a privately held family-owned real estate development company which owns and manages over 10,000,000 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 40 years of experience in real estate, RK Centers has a proven track record of success with tenants, customers, and communities with all in-house leasing and management functions. For company and property information, visit rkcenters.com.
