Necessity-anchored regional power center featuring Giant Eagle, Walmart Supercenter,
and Lowe’s Home Improvement with excellent value-add opportunities
ANNAPOLIS, MARYLAND (June 25th, 2019) — Value-add retail investors Broad Reach Retail Partners announces the acquisition of Southland Crossings Shopping Center. The Property is part of a 537,057 SF necessity-anchored regional power center featuring market-dominant Giant Eagle supermarket, Walmart Supercenter and Lowe’s. The portion of the property acquired by Broad Reach totals 242,154 SF and is currently 70% occupied. Southland Crossings situated in the heart of the primary retail corridor serving southern Youngstown. As a regional shopping destination, the Property’s trade area draws from a 5-mile radius with a population of 111,350 and an average household income of $61,457. This corridor is flanked by Poland Township and Canfield Township, the two wealthiest municipalities in the Youngstown MSA.
Broad Reach officially took the reins on June 25th after being drawn to the robust sales of daily-needs anchors Giant Eagle and Walmart. The tenant lineup at Southland Crossing is further complemented by PetSmart, Michaels and DSW. Due to the strength of the property and retail corridor there is significant interest from national tenants in the remaining vacancies. Southland Crossings benefits from great visibility, strong traffic counts (over 30,000 vehicles per day) and its central position in the main retail corridor.