{"id":1004092708,"date":"2014-03-16T07:17:07","date_gmt":"2014-03-16T15:17:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=246845"},"modified":"2020-05-18T11:25:50","modified_gmt":"2020-05-18T19:25:50","slug":"viking-partners-pays-16m-for-suburban-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/viking-partners-pays-16m-for-suburban-shopping-center\/","title":{"rendered":"Viking Partners Pays $16M for Suburban Shopping Center"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a>Cincinnati-based private equity real estate firm Viking Partners LLC has announced the acquisition of two high-potential shopping centers: Bluebonnet Parc in Baton Rouge, LA and Jackson Downs in Nashville, TN, spending $37.35 million.<\/p>\n

Both properties are in accordance with Viking Partners\u2019 acquisition strategy that targets value-add real estate assets in the $2 million to $50 million range in Midwest or Southeast locations. Furthermore, both locations are situated in affluent suburban areas with feasible demographics and stable or growing, high traffic areas.<\/p>\n

Nashville\u2019s Jackson Downs, purchased for $16.1 million, integrates well into this strategy. According to a company news release, Viking will seek to add value by implementing aggressive management and leasing, as well as renovating the property. The almost 135,000-square-foot shopping center could also be expanded, with development on an adjacent parcel. Located on 16 acres off Lebanon Pike, Jackson Downs is shadow-anchored by Target and Kohl\u2019s. Its own tenant roster includes Marshall\u2019s, Office Max, GameStop, Party City, Pier One, CATO and Dollar Tree.<\/p>\n

The 135,367-square-foot Bluebonnet Parc in Baton Rouge was picked up for $21.25 million. As previously<\/em> <\/a>reported, Bluebonnet was acquired from an affiliate of Retail Properties of America Inc., a national self-managed REIT. According to The Tennessean<\/em><\/a>, Viking affiliate Viking Partners Fund II LLC picked up Jackson Downs from entity Jackson Downs II E&A LLC.<\/p>\n

Viking Partners has acquired, developed, leased or managed over four million square feet of commercial retail properties valued at over $450 million.<\/p>\n

Image courtesy of Viking Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cincinnati-based private equity real estate firm Viking Partners LLC has announced the acquisition of two high-potential shopping centers: Bluebonnet Parc in Baton Rouge, LA and Jackson Downs in Nashville, TN, spending $37.35 million.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[1580,1598,1815],"class_list":["post-1004092708","post","type-post","status-publish","format-standard","hentry","category-nashville-knoxville","category-latest","tag-baton-rouge","tag-nashville","tag-national"],"acf":[],"yoast_head":"\nViking Partners Pays $16M for Suburban Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/viking-partners-pays-16m-for-suburban-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Viking Partners Pays $16M for Suburban Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Cincinnati-based private equity real estate firm Viking Partners LLC has announced the acquisition of two high-potential shopping centers: Bluebonnet Parc in Baton Rouge, LA and Jackson Downs in Nashville, TN, spending $37.35 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/viking-partners-pays-16m-for-suburban-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-16T15:17:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T19:25:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/JacksonDowns.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/viking-partners-pays-16m-for-suburban-shopping-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/viking-partners-pays-16m-for-suburban-shopping-center\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Viking Partners Pays $16M for Suburban Shopping Center\",\"datePublished\":\"2014-03-16T15:17:07+00:00\",\"dateModified\":\"2020-05-18T19:25:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/viking-partners-pays-16m-for-suburban-shopping-center\\\/\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/viking-partners-pays-16m-for-suburban-shopping-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/03\\\/JacksonDowns.jpg\",\"keywords\":[\"Baton Rouge (No longer used)\",\"Nashnville-Knoxville\",\"National\"],\"articleSection\":[\"Nashville - 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