First National Realty Partners’ Post

𝗖𝗵𝗮𝘀𝗲 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘄𝗶𝘁𝗵 𝗖𝗿𝗲𝗲𝗸𝘀𝗶𝗱𝗲 𝗣𝗹𝗮𝘇𝗮 𝗶𝗻 𝗜𝘁𝗵𝗮𝗰𝗮, 𝗡𝗬, 𝗮𝗻𝗱 𝗪𝗮𝘆𝗻𝗲𝘀𝗯𝗼𝗿𝗼 𝗧𝗼𝘄𝗻 𝗖𝗲𝗻𝘁𝗲𝗿 𝗶𝗻 𝗪𝗮𝘆𝗻𝗲𝘀𝗯𝗼𝗿𝗼, 𝗩𝗔   Chase Properties is pleased to announce two significant retail acquisitions: Creekside Plaza in Ithaca, NY, and Waynesboro Town Center in Waynesboro, VA. These additions align with Chase Properties' strategy of investing in dominant retail centers in secondary and tertiary markets with limited competition.   𝗖𝗿𝗲𝗲𝗸𝘀𝗶𝗱𝗲 𝗣𝗹𝗮𝘇𝗮 – 𝗜𝘁𝗵𝗮𝗰𝗮, 𝗡𝗬 Built in 2001, the 180,000-square-foot shopping center is currently 95% leased and boasts anchor tenants such as Dick’s Sporting Goods, HomeGoods, Barnes & Noble, and O’Reilly Auto Parts. The property also benefits from the adjacent Wegmans Food Market, which generates strong and consistent customer traffic. 𝗪𝗮𝘆𝗻𝗲𝘀𝗯𝗼𝗿𝗼 𝗧𝗼𝘄𝗻 𝗖𝗲𝗻𝘁𝗲𝗿 – 𝗪𝗮𝘆𝗻𝗲𝘀𝗯𝗼𝗿𝗼, 𝗩𝗔 Waynesboro Town Center is a 170,810-square-foot retail hub, strategically located along the I-81 corridor in Virginia’s Shenandoah Valley. Built in 2007, the center is currently 98% leased and shadow-anchored by Target and Kohl’s. Its tenant mix includes Ross Dress for Less, PetSmart, Burlington, and Michaels. Andy Kline, Co-CEO of Chase Properties, highlighted these acquisitions’ significance within the company’s broader investment strategy: "𝘞𝘦 𝘢𝘳𝘦 𝘵𝘩𝘳𝘪𝘭𝘭𝘦𝘥 𝘵𝘰 𝘢𝘤𝘲𝘶𝘪𝘳𝘦 𝘵𝘸𝘰 𝘥𝘰𝘮𝘪𝘯𝘢𝘯𝘵 𝘴𝘩𝘰𝘱𝘱𝘪𝘯𝘨 𝘤𝘦𝘯𝘵𝘦𝘳𝘴 𝘸𝘩𝘪𝘤𝘩 𝘱𝘦𝘳𝘧𝘦𝘤𝘵𝘭𝘺 𝘢𝘭𝘪𝘨𝘯 𝘸𝘪𝘵𝘩 𝘰𝘶𝘳 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘰𝘧 𝘰𝘸𝘯𝘪𝘯𝘨 𝘢𝘯𝘥 𝘮𝘢𝘯𝘢𝘨𝘪𝘯𝘨 𝘸𝘦𝘭𝘭 𝘭𝘰𝘤𝘢𝘵𝘦𝘥 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘪𝘦𝘴 𝘪𝘯 𝘴𝘦𝘤𝘰𝘯𝘥𝘢𝘳𝘺 𝘢𝘯𝘥 𝘵𝘦𝘳𝘵𝘪𝘢𝘳𝘺 𝘮𝘢𝘳𝘬𝘦𝘵𝘴. 𝘊𝘳𝘦𝘦𝘬𝘴𝘪𝘥𝘦 𝘗𝘭𝘢𝘻𝘢 𝘢𝘯𝘥 𝘞𝘢𝘺𝘯𝘦𝘴𝘣𝘰𝘳𝘰 𝘛𝘰𝘸𝘯 𝘊𝘦𝘯𝘵𝘦𝘳 𝘩𝘢𝘷𝘦 𝘴𝘵𝘳𝘰𝘯𝘨 𝘵𝘦𝘯𝘢𝘯𝘵 𝘳𝘰𝘴𝘵𝘦𝘳𝘴 𝘸𝘪𝘵𝘩 𝘢 𝘱𝘳𝘰𝘷𝘦𝘯 𝘩𝘪𝘴𝘵𝘰𝘳𝘺 𝘰𝘧 𝘳𝘰𝘣𝘶𝘴𝘵 𝘴𝘢𝘭𝘦𝘴 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦. 𝘛𝘩𝘦𝘪𝘳 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘴 𝘢𝘴 𝘵𝘩𝘦 𝘱𝘳𝘪𝘮𝘢𝘳𝘺 𝘳𝘦𝘵𝘢𝘪𝘭 𝘥𝘦𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘰𝘯𝘴 𝘪𝘯 𝘵𝘩𝘦𝘪𝘳 𝘢𝘳𝘦𝘢𝘴, 𝘤𝘰𝘶𝘱𝘭𝘦𝘥 𝘸𝘪𝘵𝘩 𝘣𝘦𝘴𝘵-𝘪𝘯-𝘤𝘭𝘢𝘴𝘴 𝘴𝘩𝘢𝘥𝘰𝘸 𝘢𝘯𝘤𝘩𝘰𝘳𝘴 𝘢𝘯𝘥 𝘢𝘤𝘤𝘦𝘴𝘴 𝘵𝘰 𝘭𝘢𝘳𝘨𝘦 𝘵𝘳𝘢𝘥𝘦 𝘢𝘳𝘦𝘢𝘴, 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘦𝘪𝘳 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘢𝘱𝘱𝘦𝘢𝘭 𝘢𝘯𝘥 𝘨𝘳𝘰𝘸𝘵𝘩, 𝘮𝘢𝘬𝘪𝘯𝘨 𝘵𝘩𝘦𝘮 𝘷𝘢𝘭𝘶𝘢𝘣𝘭𝘦 𝘢𝘥𝘥𝘪𝘵𝘪𝘰𝘯𝘴 𝘵𝘰 𝘰𝘶𝘳 𝘳𝘦𝘵𝘢𝘪𝘭 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰."    With these acquisitions, Chase Properties continues to focus on investing in well-positioned, high-quality retail assets in smaller markets, ensuring long-term growth and value for its investors. Press Release: https://lnkd.in/gRTfQZuZ #realestateacquisition #retailrealestate #retailleasing #retailacquisition #commercialrealestate

SW Neighborhood Centers III (SWNC III) proudly announces its latest acquisition, Raceway Market Shops, a 26,000 SF neighborhood retail center located in the Avon suburb of Indianapolis, IN. Raceway Market Shops consists of two adjacent multi-tenant retail strip centers and is currently 100% leased to eight retail tenants including Outback, Five Guys, McAlister’s Deli, AT&T, and Davita Dialysis. The property is located within the Avon retail corridor, which serves 38,000 vehicles per day. “Raceway's prime location along a major retail thoroughfare perfectly aligns with our fund's investment criteria. Our focus remains on identifying quality strip centers like Raceway in high-growth markets, and we are eager to continue our work with brokers across the country to achieve this goal,” said SW Acquisitions Manager Jonathan Kahalley. The SW Investment team enjoyed working with Doug Aronson of S.L. Nusbaum Realty Co. Capital Markets Group on this transaction.  Congratulations to our Investment Team on this exciting asset! Andrew Patterson, CCIM, CPM, Derek Waltchack, Len Shannon SIOR, CCIM, CPM, Tyler Hose, Greg Stine, Taylor Ozborn, Sam Reed

🟢 BRITISH LAND ACQUIRES ORBITAL RETAIL PARK 🟢 💼 British Land has added the Orbital Retail Park in Swindon to its growing portfolio, continuing its recent spree of strategic acquisitions. 💼 🏬 The 13-acre retail park hosts major brands, including Next and M&S Foodhall, with plans to enhance its value through asset management and sustainability initiatives. 🏬 💥 This purchase aligns with British Land's strategy to invest in high-quality, well-located retail destinations that meet evolving consumer needs. 💥

Woodland Hills, CA, DealPoint Merrill announces the acquisition of a portion of the Crossings at Westland Shopping Center, a 126,700-square-foot retail property located in Westland, Michigan. Nestled within a bustling residential and retail corridor along Southern I-275, the shopping center is strategically positioned in one of Michigan's rapidly growing cities. Surrounding amenities include established retail shops, restaurants, and recreational facilities, further enhancing the site's appeal. DealPoint Merrill plans to commence the property's redevelopment in the first quarter of 2025. This project represents the company's fifth project in Michigan, highlighting its ongoing commitment to transforming retail in high-growth regions. The acquisition was led by David Frank, CEO of DealPoint Merrill, with Sterling McGregor, President, managing due diligence. Jason Limbert and Tyler Bendicksen played integral roles in the acquisition and underwriting process.

"ShopOne Centers REIT Inc., together with its joint venture partners Pantheon and a leading global institutional investor, today announced the acquisition of two grocery-anchored shopping centers in Florida: Midway Plaza in Miami-Fort Lauderdale and Lithia Square in Tampa. The properties were acquired in two independent transactions, and bring the number of grocery-anchored, necessity-based shopping centers in the JV’s Florida portfolio to four." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity

"Acquisition of Fountain Hills Shopping Center by First National" Read the full article below..

"Core Acquisitions Purchases $34M Shopping Center in Chicago Area" Read the full article below..

Woodland Hills, CA, December 18, 2024 -- DealPoint Merrill announces the acquisition of a portion of the Crossings at Westland Shopping Center, a 126,700-square-foot retail property located in Westland, Michigan. Nestled within a bustling residential and retail corridor along Southern I-275, the shopping center is strategically positioned in one of Michigan's rapidly growing cities. Surrounding amenities include established retail shops, restaurants, and recreational facilities, further enhancing the site's appeal. DealPoint Merrill plans to commence the property's redevelopment in the first quarter of 2025. This project represents the company's fifth project in Michigan, highlighting its ongoing commitment to transforming retail in high-growth regions. The acquisition was led by David Frank, CEO of DealPoint Merrill, with Sterling McGregor, President, managing due diligence. Jason Limbert and Tyler Bendicksen played integral roles in the acquisition and underwriting process.

Despite challenges posed by the surge in treasuries in the late fall of last year, we're proud to have navigated Promenade at Highlands Ranch to a successful closing. It was only possible because we had the privilege of working with an exceptional Seller and Buyer. Retail fundamentals have never been stronger, and as a result, shopping centers continue to stand out amongst other asset classes. We are seeing larger investors increase their allocations for retail acquisitions. Many groups are widening their acquisition criteria by reducing their minimum deal size or expanding their target markets. There are also numerous funds being launched for groups who have not been active in retail for most of the last decade. This transaction, and the interest we generated, illustrates those market forces perfectly. Of the seven offers we received, three were from investors who recently shifted their focus to (or back to) retail. Ultimately, the Buyer was an out-of-state experienced shopping center owner, making their first purchase in Colorado.