Category Archive: Company NewsBelow are all news articles listed in the Company News category: Steve Black Joins Broad Reach as Director of AcquisitionsBroad Reach Retail Partners, LLC is pleased to announce the addition of Steve Black to our team as Director of Acquisitions. Steve will be based in our Baltimore office and will head acquisition efforts for the Company. Prior to joining Broad Reach, Steve was responsible for southeast acquisitions at Phillips Edison & Company, where he assisted in adding over $400 million of value added shopping centers to their portfolio. Steve can be reached at 410.279.7900 or by email to: sblack@broadreachretail.com January 1, 2009 | Category: Company News Broad Reach Purchases Highland Square Shopping CenterBroad Reach Retail Partners is pleased to announce the acquisition of Highland Square Shopping Center. The shopping center is anchored by a strong performing Kroger, Peebles, and Tractor Supply and features 180,767 square feet. Highland Square is located in Crossville, Tennessee, known as the "Golf Capital of Tennessee" and is the county seat of Cumberland County.
Highland Square is 68% occupied with 58,472 square feet of vacancy, including a vacant junior anchor box that can accommodate a 20,000 to 35,000 square foot tenant. For leasing information, please call: Tera-Lynn Lueben, Leasing Associate | 443.762.3100 | tlueben@broadreachretail.com Jen Cornelius, Leasing Associate | 443.762.9824 | jcornelius@broadreachretail.com June 4, 2008 | Category: Company News Broad Reach Purchases Market Center in Roswell, GA
Broad Reach Retail Partners is pleased to announce the acquisition of Market Center in Roswell, Georgia. The shopping center is anchored by Office Depot and shadow-anchored by Home Depot. Market Center features a strong lineup of national and local shop tenants including Subway, Abbadabba's, Cycleworks, MetroBrokers, and more. Market Center is located in the affluent metro Atlanta suburb of Roswell GA on Holcomb Bridge Road.
"Market Center is our first acquisition in the metro Atlanta area and represents a tremendous combination of solid real estate fundamentals and upside potential."
Market Center totals 82,225 square feet and is 80% leased. The vacant 16,000 square feet consists of suites ranging from 1,400 up to 8,000 square feet. For leasing information, please call Charles Ilardo, Leasing Associate at 443.468.3492 or email to cjilardo@broadreachretail.com December 20, 2007 | Category: Company News Broad Reach Purchases Beech Grove Plaza Broad Reach Retail Partners is pleased to announce the acquisition of Beech Grove Plaza in Indianapolis, Indiana. The shopping center is shadow-anchored by Kroger and features Dollar Tree, Sears Appliance & Hardware, Fashion Bug, and a strong lineup of national and local shop tenants. Beech Grove Plaza is well located in southeastern Indianapolis just off the intersection of South Emerson Avenue and East Thompson Road.
"Beech Grove is a great addition to the Broad Reach portfolio. The center is in excellent condition and provides a solid going-in return with upside potential from vacant lease up and the unrealized value of a vacant 0.65 acre outparcel."
Beech Grove Plaza totals 66,889 square feet and is 85% occupied. The vacant 10,200 square feet is in shell condition and can be configured to meet the needs of numerous retail categories not yet present in the center. For leasing information, please call David Donato, Director of Leasing at 410.988.2335 or email to ddonato@broadreachretail.com June 20, 2007 | Category: Company News Broad Reach Retail Partners Seeks Senior Leasing AgentBroad Reach Retail Partners, LLC is currently seeking a Senior Leasing Agent to lease space in our shopping center portfolio. This position is for an energetic, motivated, self-starter with three to five years of retail leasing experience. Responsibilities:
Skill Set:
Benefits:Broad Reach Retail Partners, LLC is a young entrepreneurial company that offers an upbeat, energetic atmosphere. For additional information please fax resume to 410-878-2871 or email to info@broadreachretail.com October 23, 2006 | Category: Company News Tower Realty Investments Purchases Badger PlazaBaltimore-based Tower Realty Investments ("TRI") recently completed the acquisition of Badger Plaza, a 157,150 square foot grocery anchored center in Racine, WI. The center is anchored by Piggly Wiggly, Big Lots, and Blockbuster. TRI plans to capitalize on the outstanding long-term location and service-oriented tenant mix to implement a comprehensive business plan designed to maximize the value of the center through selective re-tenanting, operational cost engineering, and property management focus. 
"Badger Plaza is an excellent example of what we want to buy. The center is well located, has a strong performing grocery anchor with good lease term remaining, and the upside potential of vacant space in a solid market”- Nate Tower.
October 5, 2006 | Category: Company News Coastal Capital Partners and Tower Realty Investments Merge To Form Broad Reach Retail PartnersCoastal Capital Partners, LLC and Tower Realty Investments, LLC have merged to form Broad Reach Retail Partners, LLC. The new company will have offices in Atlanta, Baltimore, and Virginia Beach and will draw upon the combined experience of Nate Tower and Charles Moore, who will be responsible for all future acquisition efforts with an emphasis on value-added shopping centers in the Midwest, Northeast, Mid-Atlantic and Southeast. Coastal Capital Partners, LLC was formed in 2002 and has purchased over $90 million in retail centers in the past five years. Baltimore-based TRI was formed by Nate Tower to purchase value-added shopping centers in the Eastern United States. TRI recently completed the acquisition of Badger Plaza, a 157,150 square foot grocery anchored center in Racine, WI. October 1, 2006 | Category: Company News Coastal Capital Partners Announces New Acquisition CriteriaCoastal Capital Partners, LLC has changed their acquisition criteria. In past years the company has purchased primarily newer, stabilized shopping centers that provide for immediate and stable investment returns. However, Charles Moore states "At current pricing levels, we've found it much more difficult to find product that makes sense in terms of investment fundamentals. Now that interest rates are up, it's even harder to maintain our yield requirements. Our new program will focus on future potential rather than Day One return." Coastal Capital Partners is now seeking properties in primary and secondary markets in the Southeast with positive growth fundamentals including Alabama, northern and central Florida, Georgia, North Carolina, and South Carolina. Examples would include, but are not limited to: • Grocery anchored centers where the Grocer is dark, vacant, or leaving due to company consolidation, bankruptcy, or corporate strategy • Well located strip centers with below market or flat rental structures • Properties with excess land that have development potential To contact Coastal Capital Partners with questions or property submittals, please email info@coastalcapitalpartners.com May 22, 2006 | Category: Company News Coastal Capital Partners Hires Trammell Crow’s East Coast Retail Investment Team to Market Ten CentersTrammell Crow Company has been hired to sell ten shopping centers including five grocery-anchored centers and five strip centers shadow-anchored by Wal-Mart Supercenter. “We believe these centers will be well received in today’s market” commented Kevin DiBona. “The majority of the centers are new assets with strong tenancy and potential for growth over the near term”. The centers are being offered individually, in groups, or as a portfolio. Qualified investors may preview the offering at: http://www.peracon.com/Partner/147/SRPOR/teaser.html Although the Company will continue to buy shopping centers, Charles Moore stated that “Going forward, Coastal Capital Partners will primarily pursue retail development and re-development opportunities directly and through joint venture relationships”. To submit opportunities for consideration please see the “Contact” page of this web site. April 3, 2006 | Category: Company News Coastal Capital Management Welcomes Karen RosenbaumCoastal Capital Management, LLC is pleased to announce the addition of Karen Rosenbaum to our management team as Property Accountant. Karen will be based in our Virginia Beach office and will provide property accounting services for the Coastal Capital Partners' portfolio of twelve shopping centers in five states. For the past six years, Karen was a Client Service Specialist with Norfolk-based Goodman & Company specializing in tax accounting. Karen can be reached at 757.496.9700 Extension 302 or by email to: krosenbaum@coastalcapitalpartners.com February 1, 2006 | Category: Company News Atlanta Office Reopening, Welcome Karen Donald!COASTAL CAPITAL PARTNERS, LLC is pleased to announce the re-opening of our Atlanta office by Charles Moore and the addition of Karen Donald to our management company, Coastal Capital Management, LLC Please note our new contact information below: ATLANTA Coastal Capital Partners, LLC VIRGINIA BEACH Karen R. Donald Coastal Capital Partners, LLC December 8, 2005 | Category: Company News |
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