Chase Properties Ventures Into New Markets

Chase Properties has entered the Texas and Arkansas retail markets with the acquisition of a four-property portfolio totaling 514,983 square feet.

Dubbed the Southwest Portfolio, the collection includes:

• Southloop Crossing in Lufkin, Texas, with stores like Old Navy, Ross, Five Below and Michaels.
• Killeen Marketplace in Killeen, Texas, which has Best Buy, Ross and Shoe Carnival as tenants.
• Southcenter Shopping Center in Hot Springs, Ark., with anchor tenant Kroger, Hobby Lobby and Ross.
• Massard Crossing in Fort Smith, Ark., which sits near a Walmart and features TJ Maxx, Ross and Five Below among its tenants.

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The acquisition of this multimarket retail portfolio aligns with Chase Properties’ strategy to focus on retail centers in secondary and tertiary markets across the country. Anchored by national brands and supported by major shadow-anchors like Walmart, these properties combine short-term value with long-term growth potential.

As the company enters the Texas and Arkansas retail property markets for the first time, it aims to drive sustained growth and community engagement, following a strategy it has previously employed.

Last October, Chase Properties expanded its portfolio with two retail assets in Ithaca, N.Y., and Waynesboro, Va.

Retail properties’ appeal to investors

Retail assets continue to attract investor interest in 2025. In the first quarter of 2025, retail sales volume was up 13 percent from the first quarter of 2024, according to research from Newmark. Among commercial real estate types, retail property values were the strongest for year-over-year growth, rising 4.6 percent, the same data source showed.

In one of the sector’s largest transactions this year, Regency Centers Corp. acquired an Orange County, Calif., retail portfolio for $357 million. The company bought the 630,000 square-foot, five-property portfolio from Rancho Mission Viejo. Featuring a solid roster of retailers and dining options, the properties are nearly fully leased.