RD Management Invests Additional $800,000 in Façade Renovation at Shops at Billerica in Massachusetts
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.