Baceline Investments LLC has acquired six shopping malls. No financial terms were disclosed. The properties included Northwest Crossing in Garland, Texas; Huntington Square in Tempe, Arizona; and River Bend in Milwaukee.
DENVER (Feb. 3, 2020) – Baceline Investments, LLC, a boutique private equity real estate investment and management company with neighborhood shopping center holdings throughout the United States concluded 2019 with the acquisition of six retail centers. For the year, Baceline acquired or recapitalized 22 properties and added $90 million in new assets to its expansive portfolio.
Baceline enters the new decade with $390 million in assets under management and 73 neighborhood shopping centers in its comprehensive portfolio. It’s the largest and most diverse portfolio in Baceline’s history, spanning 15 states from Minnesota to Texas and Arizona to North Carolina. It includes more than 2.4 million-square-feet of retail space with 750 local and national tenants.
The newest shopping center acquisitions include Northwest Crossing (33,366 SF in Garland, Texas); Ridgeview North (12,500 SF in Olathe, Kan.); Eagle Creek II (21,177 SF in Indianapolis); Huntington Square (47,600 SF in Tempe, Ariz.); Shoppes at Cedarcrest Commons (20,921 SF in Atlanta); and River Bend (31,425 SF in Milwaukee).
“Baceline Investments is celebrating 2019 as a highly successful and record-setting year,” said Todd Laurie, Baceline Partner and EVP of investments. “We attribute the growth to our refined investment process, combined with our extensive experience in community shopping centers. We continue to use efficient methodologies for targeting and evaluating properties for the portfolio, with a singular focus on shopping centers comprised of primarily internet- and recession-resistant businesses in thriving communities.”
Baceline’s real estate investment strategy focuses on neighborhood shopping centers in markets throughout the United States that have value-rich properties at opportunistic prices, less competition, and more supply of quality real estate when compared to gateway cities.
About Baceline Investments
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 cash-flowing, necessity-based everyday goods and services neighborhood shopping centers located in select secondary markets across America. By avoiding high-priced and competitive commercial real estate markets on the coasts, Baceline’s focus provides untapped investment opportunity. This unique approach allows investors to better diversify their investment portfolio. Learn more at www.bacelineinvestments.com or LinkedIn.