Denver-based firm’s portfolio reaches all-time high with 60 properties,
representing over $300 million in value
DENVER–(BUSINESS WIRE)–Baceline
Investments, LLC, a boutique private equity real estate investment
and management company with neighborhood shopping center holdings
throughout the Central United States, has announced the addition three
properties including Orchard Crossing and Hickory Creek near Chicago,
and The Crossing southeast of Memphis, Tenn.
Baceline purchased Orchard Crossing, a 21,476-square-foot property in
Aurora, Ill., for $2.9 million. It will be part of Baceline’s value-add
Opportunistic Strategy portfolio. The firm also acquired two shopping
centers for its core income fund including Hickory Creek for $4.56
million and The Crossing for $6.3 million. Hickory Creek is a
25,835-square-foot retail center in New Lenox, Ill. The Crossing is a
42,000-square-foot property located in Olive Branch, Miss.
Baceline’s real estate investment strategy focuses on necessity-based
neighborhood shopping centers located in markets throughout the US that
have value-rich properties at opportunistic prices, less competition,
and more supply of quality real estate, as opposed to gateway cities.
“Orchard Crossing is an ideal value-add property. Baceline has teams of
experts in leasing, property management and construction, all of whom
will work diligently to improve the location and maximize this
investment,” said Todd Laurie, Baceline Partner and EVP of investments.
“Hickory Creek and The Crossing will be part of our core income
portfolio, one that seeks out strong, income-producing neighborhood
shopping centers that are resistant to recession and are unaffected by
e-commerce.”
The acquisitions bring Baceline’s total number of properties owned to
60, representing more than $300 million in asset value.
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’s Heartland.
By avoiding high-priced and competitive commercial real estate markets
on the coasts, Baceline’s Heartland focus provides untapped investment
opportunity. This unique approach allows investors to better diversify
their investment portfolio. Learn more about Baceline Investments at www.bacelineinvestments.com
or LinkedIn.
Contacts
Jim Miller, Bluebird Branding
(303) 906-4866
Katie Lyon,
Baceline Investments
(303) 877-2859
