DALLAS, TX – Baceline Investments LLC has acquired three shopping center properties for its core income portfolio.
The recently acquired properties encompass more than 170,000 square feet of retail space. The properties include the Westlane Shopping Center, a 71,602-square-foot retail center in Indianapolis; Cooper St Marketplace, a 75,974-square-foot multi-tenant shopping center in South Arlington, Texas; and Tarrant Parkway, a 33,171-square-foot property in Dallas, Texas.
The shopping center acquisitions raise the company's core income portfolio fund to more than $250 million in assets under management, with 49 properties spanning 2.04 million square feet across 15 states. The properties currently hold an occupancy rate of 91%. The company has acquired nine properties in total to its portfolio this year.
Baceline Investments LLC is a Denver-based, boutique private equity real estate investment and management company that focuses on acquiring, managing and selling shopping centers in secondary markets throughout the central US.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
