Chase Properties Strengthens Retail Presence through New Acquisitions
Chase Properties is excited to announce significant new additions to its retail portfolio with two major acquisitions: Creekside Plaza and Waynesboro Town Center. Both retail centers are part of a strategic investment initiative to enhance the company's presence in promising markets with less competition.
About Creekside Plaza
Key Features and Tenants
Creekside Plaza, constructed in 2001, offers a substantial 180,000 square feet of shopping space, with an impressive leasing rate of 95%. This center is home to well-known anchor stores like Dick's Sporting Goods, HomeGoods, Barnes & Noble, and O'Reilly Auto Parts. The adjacent Wegmans Food Market further enhances its appeal, drawing consistent customer traffic.
Exploring Waynesboro Town Center
Strategic Location and Leasing Success
Waynesboro Town Center is another key acquisition for Chase Properties. This 170,810-square-foot retail hub, built in 2007, is ideally positioned along the vital I-81 corridor. It boasts an impressive 98% leasing rate and is shadow-anchored by major retailers like Target and Kohl's. This center hosts a diverse tenant mix featuring Ross Dress for Less, PetSmart, Burlington, and Michaels, showcasing the variety of shopping options available to customers.
Vision for the Future
Andrew Kline, Co-CEO of Chase Properties, emphasized the importance of these acquisitions within the company's overall investment strategy. He shared, "We are thrilled to acquire two dominant shopping centers which perfectly align with our strategy of owning and managing well-located properties in secondary and tertiary markets. Creekside Plaza and Waynesboro Town Center have strong tenant rosters with a proven history of robust sales performance. Their positions as the primary retail destinations in their areas, coupled with best-in-class shadow anchors and access to large trade areas, ensure their continued appeal and growth, making them valuable additions to our retail portfolio."
Continued Commitment to Growth
Chase Properties remains dedicated to investing in high-quality retail assets in smaller markets, ensuring the companies continue to deliver long-term growth and value for investors. The focus on strategic acquisitions allows for the diversification of the property portfolio, reinforcing the company's commitment to excellence in retail management.
About Chase Properties
Chase Properties operates as a full-service real estate investment firm with a specialization in the ownership and management of retail properties. With a rich experience spanning over five decades, the firm is dedicated to generating value through strategic investments and exceptional property management. This ethos drives their commitment to nurturing strong retail environments for tenants and customers alike.
Contact Information
For inquiries, please contact Chase Properties. Reach out to Andy Kline at 216.464.6626 for further information regarding the latest acquisitions or any investment opportunities.
Frequently Asked Questions
What are the recent acquisitions made by Chase Properties?
Chase Properties recently acquired Creekside Plaza and Waynesboro Town Center, enhancing its retail portfolio.
What is the size of Creekside Plaza?
Creekside Plaza is a 180,000-square-foot shopping center that is 95% leased.
Who are the anchor tenants of Waynesboro Town Center?
Waynesboro Town Center is shadow-anchored by Target and Kohl's, with a variety of other tenants.
What is the significance of Chase Properties' acquisitions?
These acquisitions align with Chase Properties' strategy of investing in dominant retail centers, focusing on growth in secondary and tertiary markets.
How does Chase Properties ensure retail success?
The company aims to acquire well-located properties with proven sales performance, ensuring long-term growth and value for its investors.
