SWANSEA, MA-One of the area’s oldest shopping centers is among three southeastern Massachusetts retail properties changing hands, with RK Associates paying $14.8 million to secure the portfolio. Other assets purchased from the Hayman Co. are Cranberry Crossing in Kingston and Taunton Shopping Center in Taunton.

The three properties “are well-positioned within their respective markets,” according to Cushman & Wakefield broker Geoffrey Millerd, a retail specialist for the capital markets group. Millerd was joined by C&W principal Robert Griffin and Michael d’Hemecourt in marketing the package for Hayman and procuring the buyer. Based in Troy, MI, the Hayman Co. had owned the properties since 1995, buying them for $8 million.

The largest is Swansea Place, an ell-shaped center with 170,000 sf and parking for nearly 900 vehicles. Built in 1974, Swansea Place has a prime infill location along Route 6, one of the region’s main thoroughfares. Between that road and the adjacent Interstate 195, the daily traffic count for Swansea Place approaches 90,000 vehicles, C&W reports.

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