RD Management Invests Additional $800,000 in Façade Renovation at Shops at Billerica in Massachusetts
NEW YORK—February 16, 2016—RD Management LLC, one of the nation’s largest privately held real estate development and management organizations, announced today that approximately $800,000 in new renovations are underway at its Shops at Billerica in Billerica, Massachusetts. RD Management’s redevelopment of the 298,441-square-foot shopping center over the past few years has encompassed over $11 million.
The center is located at 480 Boston Road (Route 3A) and Tower Farm Road. Property enhancements have been ongoing, including façade renovations for almost the entire center. RD Management anticipates that the final segments of the renovation will be completed this summer with façade renovations to Market Basket and Kmart. Anchor tenants include Market Basket, Kmart, Burlington Coat Factory, Big Lots, and Planet Fitness.
“Shops at Billerica is a well-trafficked shopping center with diverse anchor tenants and a strong presence in a solid retail market,” said Richard Birdoff, principal and president of RD Management. “We anticipate that the latest renovations, along with our continued efforts to improve the property, will attract new tenants and shoppers to the center, ultimately driving more business and revenue into the community.”
RD Management owns three properties throughout Massachusetts and has more than 200 properties in its national portfolio. Other nearby properties include Meadow Brook Center in Lowell and Milford Crossing in Milford.
About RD Management
Specializing in the retail sector for more than 40 years, RD Management owns and operates more than 18 million square feet of neighborhood and community shopping centers throughout the United States and Puerto Rico. With a portfolio of 200+ properties, RD Management is consistently ranked among the nation’s largest, privately held, real-estate development and management organizations. RD Management maintains in-house expertise in leasing, property management, construction and development, accounting and finance, legal and information technology services. For more information visit www.rdmanagement.com