DENVER—Baceline Investments, LLC, a boutique private equity real estate investment and management company with retail holdings throughout the central United States, has completed its largest real estate transaction. Baceline has acquired a portfolio of 10 neighborhood retail centers, totaling approximately 418,000 square feet, located throughout the Midwest and south central part of the United States for about $33.3 million.

“The portfolio acquisition is a high water mark for Baceline Investments and takes our holdings to more than 2 million square feet,” said David Puchi, the firm's managing partner. “It validates our ability to purchase retail properties in the Heartland that fit our High-Yield Income Strategy and elevates our firm to an entirely new level. By staying true to our 'Heartland' strategy we have a proven track record of discovering real estate value in locations that are generally overlooked by many institutional investors.”

The portfolio will be part of Baceline's High-Yield Income Strategy, designed to produce substantial income through the ownership of stable cash flowing commercial real estate. Baceline's High-Yield Income Strategy, launched earlier this year with the acquisition of Westgate Shopping Center in Little Rock, Ark., is one of three investment vehicles sponsored by the firm.

The portfolio includes (listed in order by square footage):

  • Park Center (Memphis, TN; 105,032 SF)

  • Shoppes of Loveland (Loveland, OH; 64,607 SF)

  • Turfway Towne Square (Florence, KY; 55,168 SF)

  • Mainline Plaza (Belleville, IL; 42,182 SF)

  • Fort Plaza (Omaha, NE; 39,994 SF)

  • Weber Place (Omaha, NE; 38,802 SF)

  • Midway Plaza (Fairview Heights, IL; 27,200 SF)

  • Noland View (Independence, MO; 18,480 SF)

  • Holly Hills (St. Louis; 16,847 SF)

  • Eagle Creek (Indianapolis; 9,239 SF)

Founded in 2003, Baceline Investments, LLC is a Denver-based privately-held boutique real estate investment and management company that specializes in the acquisition, management, and sale of necessity-based shopping centers in select secondary markets across America's Heartland. This unique geographic focus allows investors to better diversify their investment portfolio while avoiding exposure to overly competitive larger markets and more cyclical coastal regions.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

Denver