CJ Shaughnessy Realty LLC Acquires RK Kohl's Stoughton Retail Property For $18.5M

The property asset involved in this transaction is a retail space located at 501 Technology Center Drive, Stoughton, MA. The asset comprises 89,136 square feet and was sold for a total price of $18,500,000, resulting in a price per square foot of $208.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,500,000
• Address: 501 Technology Center Drive
• Market: Stoughton, MA
• Square Footage: 89,136
• Price Per Square Foot: $208
• Buyer: Chris Shaughnessy - CJ Shaughnessy Realty LLC
• Seller: R.K. Stoughton, LLC
• Broker Representing Buyer and Seller: Andrew Bonica & Thomas Landry - Eastern Retail Properties

The transaction was facilitated by brokers Andrew Bonica and Thomas Landry, representing Eastern Retail Properties. The seller, R.K. Stoughton, LLC, previously acquired the property in 2014 and later repurposed it for potential industrial use after Koh's chose not to renew its lease.