Second Horizon Capital Expands Portfolio with Acquisition of Kingston Collection
KINGSTON, Mass., July 7, 2023 – Second Horizon Capital announced the closing of its acquisition of Kingston Collection, a 473,000 square-foot retail space located in Kingston, Massachusetts. With this acquisition, Second Horizon Capital continues its work of transforming challenged commercial real estate projects and aims to make Kingston Collection a vibrant and entertaining community hub in the heart of Boston’s South Shore.
“Second Horizon Capital is excited to add Kingston Collection to our portfolio of transformational assets across the country,” commented Howard Levine, Co-Founder and Managing Partner of Second Horizon Capital. “As impact-focused investors, we are excited about the opportunity to partner with community stakeholders in the Kingston area to create a long-term vision for the center. Our first priorities are to reenergize on-site activity and better leverage existing operating infrastructure to improve the experience at the center for both guests and tenants.”
Second Horizon Capital’s acquisition of Kingston Collection was driven by the attractive economic environment in Plymouth County. The firm’s vision for the property aligns with the goals of local constituencies to activate Kingston Collection as a significant activity hub for its neighborhood and the South Shore community.
“We are excited to build strong partnerships in and beyond the Kingston community to support the transformation of Kingston Collection. We look forward to building a vibrant future for the center,” added Camilo Varela, Co-Founder and Managing Partner of Second Horizon Capital.
Second Horizon Capital has engaged Spinoso Real Estate Group to provide ongoing property management and leasing services.
About Second Horizon Capital
Second Horizon Capital is an impact investment firm that partners with communities to transform large-scale, underinvested commercial properties into vibrant destinations and local economic engines. The firm honors its role by investing in, supporting, and stewarding each community that it joins. Second Horizon Capital focuses on bringing community stakeholders, including municipalities, business owners, community groups, tenants, and end-users to the forefront in reinvigorating community hubs. By driving long-term value enhancement, seeking more equitable outcomes, and partnering with local stakeholders, Second Horizon Capital works to enhance its communities, as well as the properties themselves. Additional information on Second Horizon Capital can be found on the company's website at www.secondhorizon.com.
Contact
Second Horizon Capital
info@secondhorizon.com
(561) 237-5560
