Attleboro, MA – Real estate firm RK Centers announced it has acquired Bristol Place, now rebranded as RK Bristol Place. The property is located at 1130 Newport Ave. in Attleboro.
Situated on 45.5 acres, the newly acquired RK Bristol Place has a footprint of 415,404sf and represents 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 million sq. ft. in New England.
The super-regional center has a tenant roster that includes Market Basket, Home Depot, TJ Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture, and Party City. It is situated at the interchange of I-95 and Route 1A, approximately eight miles north of Providence, R.I. 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. Average household income within five miles is over $90,000.
With over 96% occupancy, RK Bristol Place offers leasing opportunities ranging from 1,822sf to 10,000sf.