Cole Invests $45M in High-Yield Markets

PHOENIX-Cole Real Estate Investments has paid $45 million for three retail centers located in secondary and tertiary markets in three states. The multi-tenant properties are: Red Oak Village in San Marcos, TX; Pinehurst Square West in Bismarck, ND; and Falcon Valley in Lenexa, KS.

“We buy in primary markets, as well as secondary and tertiary markets,” says Scott Holmes, Cole’s vice president of acquisitions and team leader for multi-tenant retail acquisitions. “Our main focus is not on the market, but the trade area, the long-term nature of the tenants and the credit of the tenants.”