Indianapolis, IN - Midland Atlantic Properties is pleased to announce the addition of Jacque Haynes, CCIM to its team. As a designated CCIM (Certified Commercial Investment Member) with 30 years in the business, Jacque will boost the productivity and effectiveness of all Midland Atlantic’s efforts.
Prior to joining Midland Atlantic Properties, Jacque was Senior Director at Cushman & Wakefield for 9 years. With a comprehensive understanding of retail development, leasing, and asset management as well as property acquisition and disposition, Jacque has created value for national and local developers, institutions and private owners throughout her extensive real estate career. For the past several years Jacque represented Duke Realty at Anson in Whitestown, Indiana generating over 300,000 square feet of commercial development including shopping centers, hotels, and restaurants and overall completed over $25M in transactions in 2017.
Jacque is an active member of ICSC, CCIM, and Urban Land Institute where she serves as Co-Chair of ULI’s Women’s Leadership Initiative. Currently serving on the board of Vineyard Community Church, she previously served nationally as Membership Chair for CCIM Institute, past President of Indiana’s CCIM Chapter, and was a charter board member for Dye’s Walk Country Club. She has also received many awards throughout her career including Top 10 Retail Broker (Americas), George C. Charbonneau Leadership and Performance Award, CCIM’s Jay Levin Leadership Award, CW’s President’s Club, Duke Realty Top Broker, Indianapolis Rising Star and CoStar Power Broker Awards.
Midland Atlantic Properties Acquires Two Grocer Anchored Shopping Centers
Cincinnati, Ohio - Midland Atlantic Properties is pleased to announce the acquisitions of St. Cloud East shopping center, a Cash Wise (a Coborn’s owned grocer) anchored shopping center, located in St. Cloud, Minnesota, and Shady Springs Plaza, a Kroger anchored shopping center, in Beckley, West Virginia.
St. Cloud East shopping center is a 70,900 SF project. The property has two tenants: Cash Wise grocery store and Westside Liquor store. Cash Wise is owned and operated by Coborn's, an employee-owned, multi-state grocer that is based in St. Cloud. The shopping center is located near downtown St. Cloud at the intersection of two highways and is surrounded by housing, retail, industrial businesses and St. Cloud State University. The city of St. Cloud is located approximately seventy (70) miles northwest of downtown Minneapolis and is on the Mississippi River.
Shady Springs Plaza is a 67,577 SF project. Kroger is the dominant grocer in the region and is planning a store remodel. The shopping center line-up also includes CVS and ‘small shop’ spaces leased to local retailers. There is also a small office building that includes the United States Post Office. The shopping center will benefit from immediate improvement projects that will enhance its appearance. The shopping center is surrounded by Wendy’s, McDonalds, Chase Bank, Sheetz and Advanced Auto Parts. Beckley is a regional hub located southeast of Charleston and Shady Springs Plaza is the only grocer-anchored shopping center in this submarket of Beckley.
Midland Atlantic Properties is actively seeking grocer anchored shopping center investment opportunities in small to large markets located in the Midwest, Southeast and Mid-Atlantic. Please contact Chris Palermo with opportunities (513.792.5000 / firstname.lastname@example.org).
Pavilion at Castleton Sold - Midland Atlantic Properties Represents Landlord in Transaction
Indianapolis, IN – Jeff Hubley and Shawn Heffern of Midland Atlantic Properties recently acted as the broker in the sale of Pavilion at Castleton. The 37,600 square foot shopping center, located at 5899-5999 East 86th Street, Indianapolis, IN, was sold by Stough Associates for $2,450,000. The buyer, Make Others Great, was represented by Matt Jackson of Jackson IG.
Midland Atlantic Properties Represents Landlord in Sale of Mooresville Town Center
Mooresville, IN – Agora Leasing & Management, LLC purchased Mooresville Town Center for $2,648,000.00. The 30,000 square foot center is located at 439 – 477 Town Center Road, Mooresville, IN. The seller, Brooks Mooresville, LLC, was represented by Tracey Holtzman of Midland Atlantic Properties. The buyer represented itself.
Midland Atlantic Properties Announces New Hires & Promotions
Cincinnati, Ohio - Midland Atlantic Properties is pleased to announce the addition of three new staff members to the Cincinnati office as well as an internal promotion.
Mike Meyers joins the team as Finance and Accounting Manager. Prior to joining Midland Atlantic, Mike held a variety of positions in the real estate industry, where he served as compliance manager, worked on structuring of partnerships, supervised investor reporting, and oversaw financial statement preparation. He currently holds a BBA in Accounting from University of Cincinnati's College of Business.
Joining the Midland Atlantic Properties team as an Acquisitions Associate, Mike Borgmann will assist in the acquisition of stabilized and value-add anchored shopping centers. Prior to joining Midland Atlantic, Mike was a commercial lender for Columbus-based Huntington Bank, where he served as an analyst and commercial real estate lender. He currently holds a Bachelor of Science in Accounting from the University of Kentucky’s College of Business.
Becky Appel joins Midland Atlantic Properties as a Senior Property Accountant. Becky possess an extensive real estate background, having worked at CBL for 10 plus year and most recently at the Schueler Group.
Sarah Gossett has been promoted to Senior Property Accountant. Sarah joined Midland Atlantic in November of 2011, as a Property Accountant. Prior to joining the team, Sarah spent five years at a large third-party management company providing Property Accounting. Sarah received her Bachelor’s Degree in Business Administration with a minor in Accounting from Winona State University - Winona, Minnesota.
# # #
At Midland Atlantic Properties, retail real estate is as much our passion as it is our profession. We are a full-service real estate firm specializing in retail brokerage, development, acquisition, leasing and management of retail properties. As experienced brokers, developers and owners – we have the national retailer contacts and extensive market knowledge to help best position tenants and other property owners for success.
Midland Atlantic Properties Acquires Kroger Anchored Shopping Center
Cincinnati, Ohio - Midland Atlantic Properties is pleased to announce the acquisition of Thompson Square, a Kroger anchored shopping center, located in Tupelo, Mississippi.
Thompson Square is 69,448 square feet center anchored by Kroger. Kroger is the dominant grocer in the market and this is a high sales volume store. The center also includes a Kroger Fuel Center and many national and local tenants including Once Upon A Child, Enterprise Rent-A-Car, Republic Finance, Allstate and others.
The shopping center is located in Tupelo, a regional hub in Northern Mississippi. Thompson Square is very well located in the city’s prime retail node. Outparcels include Chick-fil-A, Pizza Hut, and Taco Bell and the center sits adjacent to Metro Ford Auto Sales, one of the premier dealerships in the area.
The Kroger store is scheduled for a store remodel in 2017 and Midland Atlantic Properties investment plan includes numerous physical upgrades to enhance Thompson Square for the tenants and customers.
Midland Atlantic Properties is actively seeking grocery anchored shopping center investment opportunities in small to large markets located in the Midwest, Southeast and Mid-Atlantic. Please contact Chris Palermo with opportunities (513.792.5000 / email@example.com).
More retail is in the works for the Anson development in Whitestown.
Midland Atlantic Development Co. LLC has filed plans for four retail buildings on a 6.4 acre property near the northeast corner of Whitestown Parkway and Perry Worth Road, along Interstate 65.
The project could cost $13 million to $15 million, according to managing principal Aaron Boyle.
The exact size of each building has not been determined, but the total project could add up to 30,000 square feet.
“We are in discussions with multiple restaurant operators and retailers, and since the site is right off of I-65, we expect restaurants to be the predominant use,” Boyle said in an email.
No tenants have been identified yet.
Click here to read the full story by the Indianapolis Business Journal.
Midland Atlantic Properties is excited to announce the acquisition of The Marketplace at Anson. The 38,373 square foot center, shadow anchored by Lowe's, Meijer and CVS Pharmacy, is an exemplary addition to our portfolio of retail centers.
The Marketplace at Anson is part of the master planned Anson community that spans over 1,700 acres. As a Live-Work-Play community, the Anson area boasts over 3,500 employees, is home to Amazon, Express Scripts and GNC headquarters. It is also recognized as the fastest growing community in the state.
- Total Shopping Center GLA: 38,373
- 96% Occupancy at Time of Purchase
- Seller: Duke Construction Limited Partnership
- Tenants Include: Buffalo Wild Wings, Dentist Office, Pizza Restaurant, Community Pet Healthcare, Hair Salon, Nail Salon, Arthur Murray, Dermatology Center, Great Clips, El Rodeo, Gandolfo's Deli and Flap Jacks
Click here for leasing information.
Patrick Boyle of Midland Atlantic Properties was the exclusive listing broker for Town Fair Center. Representing the owner, Bedford ABG, LLC (DBA Rural King), Patrick was responsible for the lease-up and sale of the shopping center. Click here for deal highlights
Midland Atlantic Properties is excited to assist Strategic Capital Partners in their partnership with Purpose Built Communities in developing The Shops at Avondale Meadows. This new development is anchored by Save-A-Lot grocery store and Goodwill and offers 1,200 to 12,600 square feet of additional retail space for lease and outlots available for sale, lease or built to suit.
Click here for additional information.
Cincinnati, Ohio - Midland Atlantic Properties is pleased to announce the acquisition of three dominant anchored shopping centers. All three property transactions closed within the first 2 months of 2016.
Midland Atlantic Properties acquired Troy Towne Center, a 144,000 square foot center anchored by Kohl’s, Petco and Dollar Tree. The center is located in Troy, Ohio, a strong regional retail hub located approximately 20 miles north of Dayton. The project is shadow anchored by a Walmart Supercenter and it is surrounded by numerous retail outparcels. Other tenants at Troy Towne Center include Shoe Carnival, Sleep Outfitters, Verizon and numerous national and regional small shop retailers. Midland Atlantic will be marketing the two small shop spaces that are currently vacant.
Acquired by Midland Atlantic Properties, Clayton Village is a 61,000 square foot Food Lion anchored shopping center located in Clayton, North Carolina (a suburb of Raleigh). In addition to Food Lion, the shopping center includes Family Dollar, Aaron’s Rents and several other small shop retailers. The anchor tenant, Food Lion, has a high sales volume and a long-term commitment to the project. The investment plan includes numerous physical upgrades to Clayton Village that will enhance the project for the tenants and the customers. The shopping center is at 100% occupancy.
The third property Midland Atlantic Properties acquired is McMinn Plaza. It is a 107,000 square foot shopping center anchored by Ingles Market and located in Athens, Tennessee (a regional market located on I-75 between Knoxville and Chattanooga). Ingles Market, with a long-term commitment to the project and strong sales history, recently constructed an onsite fuel center. The grocery store also contains the only Starbucks in Athens. The shopping center’s tenant lineup includes Badcock Furniture, Workout Anytime, and Fresenius Dialysis. There will be an immediate focus on leasing two small shop vacancies.
These three recent acquisitions are explicit examples of the targeted investments of Midland Atlantic and its Midland-Olympus Fund. Midland Atlantic is actively seeking ‘necessity-based’ anchored shopping center investment opportunities in small to large markets located in the Midwest, Southeast and Mid-Atlantic. Please contact Chris Palermo with opportunities (513.792.5000 / firstname.lastname@example.org).