Wednesday, October 10, 2012

Raanan Katz RK Swansea Place Information

As a Property Manager for 11 years I have seen alot of real estate and I think summarizing it is good info for people.

My first post will be to summarize a Newly renovated Raanan Katz owned center that is anchored by some great national tenants.

RK Swansea Place is located off Route 195 in southern Massachusetts. It was just about demolished and rebuilt after standing for over 30 years. The new shopping center includes a Target, Marshalls, Five Guys, Weight Watchers, Famous Footwear, Dots Clothing, Sleepy's Mattress, Radio Shack, Sally Beauty, HR Block, The Nut House, Crew Cuts, and a few other small stores. The gross leasable area was increased in the 2010 renovations to 201,000 SF. The property has been home to Kmart. Building 19, Seabra Market, and many others over the years. The new layout include a major safety feature A TRAFFIC light. This area of Route 6 has been a trouble spot for years and is not safer due to the due diligence of Raanan Katz and his company to advocate for the Stop light. The property upgrades also included new parking lot, lighting, traffic flow, landscaping, signage, pylon signs, septic upgrades, facades on remaining structures, and many many more upgrades.

Raanan Katz and his company purchased this property in late 2007 as part of a package of properties and 1 other property that was purchased at the same time. Raanan Katz saw the vision of the property and purchased Swansea Place in combination with RK Crossing located in Kingston, MA and RK Plaza in Taunton, MA. He also purchased a center in Weymouth, MA at the same but it was a separate deal. Raanan has since renovated the Taunton property extensively as well. It is now home to Papa Gino's, Burger King, Dollar Tree and Advance Auto Parts. Raanan made major exterior improvements and landscaping upgrades.

Here are a few images from Swansea -

This is a link to the property for information - http://www.rkcenters.com/rk-swansea-place.php

The property brochure can be found at - http://www.rkcenters.com/property-pdfs/SWANSEA.pdf

Raanan Katz - RK Swansea Place - RK Centers
RK Swansea Place - Site Plan

No comments:

Post a Comment