MEDIPOWER ACQUIRES GROCERY ANCHORED SHOPPING CENTER LOCATED IN STOUGHTON MASSACHUESETTS
Stoughton Town CenterI is a 73,000-square-foot, PriceRite Supermarket anchored shopping center in Stoughton, Massachusetts. The property has recently undergone an extensive repositioning to attract new, national credit tenants, which will ensure a stable cash-flow for many years to come.
Located just 15 miles south of Boston, Stoughton Town Center is anchored by PriceRite Supermarket, and is also home to Rite Aid, Douglas Wine & Spirits, and Sonic. The property is uniquely positioned in downtown Stoughton along Route 138 (Washington Street), the area's primary retail corridor. In addition to having direct access to Route 138, Stoughton Town Center lies between Routes 27 and 139 and is minutes from major thoroughfares including Route 24 and Interstates 93 and 95, Greater Boston's primary commuter highways.
According to Medipower CEO Ron Stern, "Stoughton Town Center represents superior opportunity to acquire a high-profile grocery-anchored shopping center in the competitive Greater Boston MSA. The property has a mix of national credit tenants, which will ensure a stable cash-flow for many years to come."