New England Retail Properties Sells East Springfield, MA TOYS “R” US
Matt Halprin, Senior Vice President of New England Retail Properties, Inc. is pleased to announce the sale of the former Toys “R” Us located at 1686 Boston Road (Route 20) in Springfield, MA. New England Retail Properties exclusively represented the seller of the property, Florida based Springsan Company. New England Retail Properties secured the buyer on behalf of the seller. The East Springfield property consisting of a 42,700 square-foot building on approximately 4.38 acres sold to OSJ of Springfield LLC.
The property will become the future home to Ocean State Job Lot, the largest closeout retailer in the Northeast. The company based in North Kingston, Rhode Island operates 139 stores throughout New England, New York, New Jersey and Pennsylvania. Ocean State Job Lot is presently located at 1534 Boston Road and will be relocating to the new space.
About Ocean State Job Lot
Founded in 1977, Ocean State Job Lot is a growing, privately held discount retail chain with 139 stores in New England, New York, New Jersey, and Pennsylvania, approximately 5,600 employees, and annual sales of approximately $720 million. Job Lot sells brand name, first quality merchandise at closeout prices. Shoppers find an ever-changing array of household goods, apparel, pet supplies, seasonal products (holiday, gardening, patio, pool and beach supplies), and kitchen pantry staples at a fraction of their typical price. The company was named by Forbes Magazine as a 2017 and 2018 “Best Midsize Employer.”
The Ocean State Job Lot Charitable Foundation has a long history of philanthropic leadership, supporting numerous causes, including feeding the hungry, helping the homeless, assisting veterans and military families, aiding animal rescue, caring for children, advancing healthcare, supporting the arts and promoting learning. Ocean State Job Lot is headquartered at 375 Commerce Park Road in the Quonset Point Business Park, North Kingstown, RI 02852. Phone: (401) 295-2672; Web: OceanStateJobLot.com.