RK Centers - Raanan Katz - Official Blog: 2013

Monday, May 20, 2013

Thursday, April 4, 2013

(Raanan Katz) RK Centers welcomes Guitar Center to RK Queen Plaza

RK Centers welcomes Guitar Center to RK Queen Plaza

04-01-2013

Press Release

RK Queen Plaza is a 172,000 SF shopping center located in Southington, CT. Co-tenants include T.J. Maxx, Bed Bath & Beyond, Dollar Tree, and Bob's Discount Furniture.

Southington, CT (April 1, 2013)– RK Centers (www.rkcenters.com) and Guitar Center are excited to announce the construction of a new Guitar Center store at RK Queen Plaza in Southington, CT. The 11,000 square foot new store’s location provides local music students and the surrounding community access to Guitar Center’s vast product selection, specialty instruments and unbeatable prices. Located at 825-875 Queen Street (Route 10), Guitar Center Southington is scheduled to open late Spring 2013 with an official Grand Opening day of music-centered activities open to the public (details to be announced).

“We are excited to welcome Guitar Center to RK Queen Plaza and eagerly anticipate this great tenant opening their doors” said Ken Fries of RK Centers. At RK Queen Plaza, Guitar Center will join other national retailers such as Bed Bath and Beyond, TJ Maxx, Payless Shoes, Radio Shack, and Supercuts in addition to many others. For Leasing information, contact Ken Fries or Andrew Fisch at 781-320-0001 or leasing@rkcenters.com

RK Centers (formerly known as R.K. Associates) is a privately held, family-owned real estate development company which currently owns over 6,000,000 square feet of retail space and 100,000 square feet of office space. With a stable business model utilizing a minimal amount of leverage, we are poised to acquire additional properties as we continue to grow our portfolio. Our company typically closes on acquisitions in less than 30 days with its own funds; thereby eliminating the need to obtain financing. With over thirty years of experience in real estate, RK Centers has a proven track record of success with tenants, customers and the communities in which we operate. All of RK Centers' leasing and management is performed in-house by company staff.

The company was founded and is principally owned by Raanan Katz, who entered the real estate development arena in the 1970s. He has guided the company with a steady growth rate which has withstood numerous market cycles. His "hands-on" approach and conservative borrowing practices have resulted in a portfolio of first-class properties with an extremely low debt structure, resulting in RK Centers being one of the more stable shopping center operators in the industry. RK Centers welcomes inquiries from national and regional retailers who are interested in drawing upon our considerable resources for assistance in site selection or other expansion needs. More information on Raanan Katz and RK Centers can be found at www.rkcenters.com.