RD Management, a privately held development firm with more than 18,000,000 SF of shopping center space, has been an Atlantic client since 2009 when they acquired the Meadow Brook Shopping Center in Lowell, MA. After negotiating the sale of the asset to RD, Atlantic was hired to lead the leasing and re-positioning effort.
In close collaboration, Atlantic and RD completely turned over the tenancy in what was formerly a struggling strip center. RD proved to be particularly nimble in its re-development efforts by relocating tenants or re-configuring space in order to meet the market tenant demand Atlantic generated. New stores were opened for Best Fitness, Five Below, Sleepy’s, and Hair Cuttery in addition to the anchor, Target. The project opened in 2011 and helped bring new retail vibrancy to the city of Lowell.