RK Centers Purchase Adds 29,500 SF to its New England Portfolio.
RK Centers continues its New England expansion with the purchase of VFW Parkway Plaza in West Roxbury, MA for $5,125,000.
RK continues to aggressively pursue shopping center assets in the New England market. “Our appetite for future acquisitions remains strong for regional properties in supply constrained markets” said Kenneth Fries of RK Centers. “This particular center happens to be in our own backyard. Due to the number of properties we have along Route 1, we had an existing knowledge of market rates and national tenant demand.
“We put the wheels in motion during the due diligence phase and we were able to start without delay” said David Katz of RK Centers. “We have already begun renovations to the property and are speaking with several national tenants about the remaining vacant space in the center.”
The property is located at 1665 – 1675 VVW Parkway. Existing tenants include Town Fair Tire, Pet Supplies Plus, and Bank of America. Ellen Faye of Capital Commercial represented the Seller, Heather Realty Trust.
Issue Date: March 11, 2015
