Category Archive: Properties

Broad Reach Purchases Highland Square Shopping Center

Broad 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 provides immediate return through a strong anchor lineup, with tremendous upside potential in the existing vacancy."

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

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

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

Tower Realty Investments Purchases Badger Plaza

Baltimore-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 Announces New Acquisition Criteria

Coastal 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 Purchases The Oxford Market Place

Coastal Capital Partners is pleased to announce the acquisition of The Oxford Market Place shopping center on January 31st, 2006. The newly constructed 90,328 square foot Center is located in Oxford, Mississippi, home to the University of Mississippi ("Ole Miss") - one of the country's oldest state universities with a full time enrollment of nearly fourteen thousand students. Oxford was recently named as No. 3 on a list of the "Top 5 Up and Coming Areas for 2006".

The Oxford Market Place is adjacent to Wal-Mart Supercenter and features national retailers including Goody's, Dollar Tree, Cato, Shoe Dept, and Radio Shack among others.

January 31, 2006 | Category: Properties