Acquisitions
Recent Transactions
Valleydale Marketplace
Birmingham, AL
64,000 sf center anchored by Winn Dixie
- 9,100 sf of vacancy in one space
- Winn Dixie uncertainty coming out of bankruptcy protection
- Fragmented market from a grocery store competition standpoint
- Off market transaction completed directly with the seller
- Pending condemnation issues with scheduled road-widening in front of the center
Click Here to view the leasing information for this property
Parkside Square
Ocean Springs (Biloxi), MS
166,000 sf center anchored by Sav-A-Center (A&P) and America's Thrift
- 30,000 sf vacancy and 4 small shop spaces to re-tenant
- Short lease term remaining on grocery anchor
- Market questions to overcome due to effects of Hurricane Katrina
- Unstable property insurance environment
- 30-day due diligence
Click here to view the leasing information for this property.
Maysville Marketsquare
Maysville, KY (45 miles SE of Cincinnati, OH)
126,000 SF shopping center anchored by Kroger & JC Penney
- 15,000 SF of vacancy in 5 small shops space to re-tenant.
- Uncertainty due to vacant shadow anchor, former Wal-Mart, attached to the center.
- Numerous co-tenancy issues with existing tenants due to the Wal-Mart vacancy.
- Need for significant capital repairs to the center (roof, parking lot and facade).
- Rural market with abundance of land available for future retail competition.
Click here to view the leasing information for this property.
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