CBRE Arranges Sale of Grocery-Anchored Shopping Center at 1200 Newport Avenue in Attleboro, MA

CBRE today announced the sale of Bristol Place, a 415,000 sq.-ft. shopping center anchored by The Home Depot and Market Basket Supermarket located at 1200 Newport Avenue in Attleboro, MA. Unison Realty Partners sold the property to RK Centers in the largest and highest-quality Core Plus investment in the New England region in 2023.

The CBRE Retail Platform, led by Nat Heald, Kyle Juszczyszyn, Rob Robledo, Ryan Minihan and Jordana Roet, spearheaded the marketing campaign, and represented Unison in the negotiations and closing.

“We are proud to have represented Unison Realty Partners on this significant transaction,” said Mr. Heald. “Bristol Place is the dominant grocery and home-improvement anchored shopping center in a broad regional trade area and distinguishes itself from competitors by its exceptional tenant performance, best-in-class tenancy, and its high-profile location adjacent to Interstate 95. As a result of its dominance in its trade area, the Bristol Place bidding process was extremely competitive. Our sales process underlines the fact that quality retail is in high demand and that for the best retail centers, today’s capital markets are highly functioning. Many thanks to Unison and RK for a swift and efficient process.”

“We’re thrilled to add Bristol Place to our portfolio. The property’s high-visibility location, outstanding tenant performance and compelling tenant mix made Bristol an excellent fit for our growth plans” said Ken Fries of RK Centers.

Located in the heart of Attleboro, Bristol Place is also home to major national retailers including T.J. Maxx, Burlington, Edge, Hobby Lobby and Bob’s Discount Furniture. The shopping center ranks in the top 3% of most visited shopping centers in New England and the top 5% in the country.

The property’s regional trade-area is home to major employers including CVS Pharmacy (headquarters), Citizens Bank (headquarters), Fidelity, Bank of America, MetLife, State of Rhode Island, Blue Cross Blue Shield, Brown University, and many others.