Thank you to the Eastern Retail Properties, Inc. and RK Centers teams for facilitating a smooth transaction. Right around the corner from our Avon Headquarters and conveniently located off of RT 24, this property will enable us to continue the expansion of our warehousing and outdoor storage capacity. We are excited to oversee its transformation in 2025.
RK Centers Announces Sale of RK Kohl's - Stoughton Property for $18.5 Million NEEDHAM, MA – December 17, 2024 – RK Centers, a privately held, family-owned real estate development company, has announced the sale of the RK Kohl's - Stoughton property located at 501 Technology Center Drive, Stoughton, Massachusetts, for $18.5 million. RK Stoughton, LLC originally purchased the 89,136-square-foot Kohl’s-anchored property in 2014. Constructed in 2004, the building has served as a retail cornerstone in the area. Kenneth Fries of RK Centers noted, "When we acquired the property a decade ago, our team recognized its potential for future industrial use. When Kohl’s opted not to renew their lease, we were well-positioned to move forward quickly." The transaction was facilitated by Andrew Bonica and Thomas Landry of Eastern Retail Properties, Inc. who represented the buyer, CJ Shaughnessy Realty, LLC. Kenneth Fries represented the seller, R.K. Stoughton, LLC. This sale reflects RK Centers' ongoing strategy to optimize its portfolio of open-air regional and community shopping centers across New England and South Florida. For more information about RK Centers and its portfolio, please visit www.rkcenters.com.