{"id":1004134703,"date":"2016-01-14T07:43:53","date_gmt":"2016-01-14T15:43:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004134703"},"modified":"2020-04-29T10:36:28","modified_gmt":"2020-04-29T18:36:28","slug":"baceline-grabs-value-add-opportunity-in-chicago-metro","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/","title":{"rendered":"Baceline Grabs Value-Add Opportunity in Chicago Metro"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"Century<\/a>

Century Plaza, Lisle, Ill.<\/p><\/div>\n

Chicago<\/strong>\u2014Baceline Investments LLC<\/a> of Denver recently expanded its portfolio with the purchase of a neighborhood shopping center in suburban Chicago. The company purchased the 15,464-square-foot Century Plaza retail center at an undisclosed price.<\/p>\n

Located at 2801 Ogden Ave. in Lisle, Ill., roughly 15 miles from downtown Chicago, Century Plaza was built in 2002 and is home to ten retail stores. The center\u2019s tenant roster includes Dunkin\u2019 Donuts, Jimmy John\u2019s, and Domino\u2019s Pizza.<\/p>\n

\u201cSituated along a busy and heavily traveled retail corridor, it is considered a premier retail destination. Baceline\u2019s goal is to take an aggressive, hands-on approach to revitalize Century Plaza and bring it back to life, making it a retail center that the local community will once again embrace,\u201d said David Puchi, managing partner at Baceline.<\/p>\n

The acquisition of Century Plaza marks Baceline\u2019s fourth addition to its Value-Add\/Opportunistic Strategy portfolio. The strategy focuses on\u00a0investment in distressed or neglected neighborhood shopping centers throughout America\u2019s Heartland, which\u00a0present an untapped potential.<\/p>\n

\u201cCentury Plaza is an ideal acquisition for our Opportunities Fund as it is located in a thriving neighborhood in suburban Chicago and the prior owner was disinterested and financially constrained from adding value to the property,\u201d Puchi explained.<\/p>\n

Baceline’s geographical focus on the middle United States and its focus on identifying properties that have significant revitalization opportunity allow\u00a0the firm to acquire real estate at favorable pricing.<\/p>\n

Image courtesy of Coldwell Banker Commercial<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

An out-of-state investor is betting on Chicago’s value-add retail potential with its purchase of Century Plaza.<\/p>\n","protected":false},"author":192,"featured_media":1004134704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21783,13,21742,21749],"tags":[],"class_list":["post-1004134703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-investment","category-midwest","category-latest","category-retail"],"acf":[],"yoast_head":"\nBaceline Grabs Value-Add Opportunity in Chicago Metro - 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\/baceline-grabs-value-add-opportunity-in-chicago-metro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baceline Grabs Value-Add Opportunity in Chicago Metro\" \/>\n<meta property=\"og:description\" content=\"An out-of-state investor is betting on Chicago's value-add retail potential with its purchase of Century Plaza.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/\" \/>\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=\"2016-01-14T15:43:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T18:36:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\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\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Baceline Grabs Value-Add Opportunity in Chicago Metro\",\"datePublished\":\"2016-01-14T15:43:53+00:00\",\"dateModified\":\"2020-04-29T18:36:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/\"},\"wordCount\":263,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/lisle-1.jpg\",\"articleSection\":[\"Chicago\",\"Deals\",\"Investment\",\"Midwest\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/\",\"name\":\"Baceline Grabs Value-Add Opportunity in Chicago Metro - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/lisle-1.jpg\",\"datePublished\":\"2016-01-14T15:43:53+00:00\",\"dateModified\":\"2020-04-29T18:36:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/lisle-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/lisle-1.jpg\",\"width\":800,\"height\":602},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/baceline-grabs-value-add-opportunity-in-chicago-metro\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Baceline Grabs Value-Add Opportunity in Chicago Metro\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\",\"name\":\"Ioana Neamt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"caption\":\"Ioana Neamt\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/ioana-neamtyardi-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Baceline Grabs Value-Add Opportunity in Chicago Metro - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/","og_locale":"en_US","og_type":"article","og_title":"Baceline Grabs Value-Add Opportunity in Chicago Metro","og_description":"An out-of-state investor is betting on Chicago's value-add retail potential with its purchase of Century Plaza.","og_url":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-01-14T15:43:53+00:00","article_modified_time":"2020-04-29T18:36:28+00:00","og_image":[{"width":800,"height":602,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg","type":"image\/jpeg"}],"author":"Ioana Neamt","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/"},"author":{"name":"Ioana Neamt","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16"},"headline":"Baceline Grabs Value-Add Opportunity in Chicago Metro","datePublished":"2016-01-14T15:43:53+00:00","dateModified":"2020-04-29T18:36:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/"},"wordCount":263,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg","articleSection":["Chicago","Deals","Investment","Midwest","News","Retail"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/","url":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/","name":"Baceline Grabs Value-Add Opportunity in Chicago Metro - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg","datePublished":"2016-01-14T15:43:53+00:00","dateModified":"2020-04-29T18:36:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg","width":800,"height":602},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/baceline-grabs-value-add-opportunity-in-chicago-metro\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Baceline Grabs Value-Add Opportunity in Chicago Metro"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16","name":"Ioana Neamt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","caption":"Ioana Neamt"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/ioana-neamtyardi-com\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/lisle-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004134703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/192"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004134703"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004134703\/revisions"}],"predecessor-version":[{"id":1004428189,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004134703\/revisions\/1004428189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004134704"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004134703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004134703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004134703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}