{"id":1004238725,"date":"2018-06-28T23:45:51","date_gmt":"2018-06-29T07:45:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004238725"},"modified":"2022-12-07T10:07:04","modified_gmt":"2022-12-07T18:07:04","slug":"baceline-investments-grows-retail-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/baceline-investments-grows-retail-portfolio\/","title":{"rendered":"Baceline Investments Grows Retail Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004238899\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004238899\" data-attachment-id=\"1004238899\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/baceline-investments-grows-retail-portfolio\/edge-o-lake-shoppes\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png\" data-orig-size=\"915,686\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Edge O Lake Shoppes\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Edge O Lake Shoppes&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png?w=915\" loading=\"lazy\" class=\"wp-image-1004238899 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png\" alt=\"Aerial view of Edge O Lake Shoppes\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png 915w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Edge-O-Lake-Shoppes.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004238899\" class=\"wp-caption-text\">Aerial view of Edge O Lake Shoppes<\/p><\/div>\n<p>Baceline Investments has acquired four shopping centers, bringing its portfolio to a total of 54 properties, or 2.6 million square feet. The company purchased Capitol Drive Shopping Center in Brookfield, Wis., North Town Center in Fort Worth, Texas, Edge O Lake Shoppes in Nashville, Tenn., and Antelope Plaza in Clearfield, Utah.&nbsp;<\/p>\n<p>The assets, comprising 131,000 square feet of leasable space, traded for a total of $18 million:&nbsp;<\/p>\n<ul>\n<li>Capitol Drive Shopping Center (35,015 square feet) &#8211; $4.3 million<\/li>\n<li>North Town Center (41,070 square feet) &#8211; $5.8 million<\/li>\n<li>Edge O Lake Shoppes (35,544 square feet) &#8211; $6.6 million<\/li>\n<li>Antelope Plaza (19,904 square feet) &#8211; $1.4 million<\/li>\n<\/ul>\n<p><em>\u201cAll four acquisitions align well with our overall investment strategy,\u201d<\/em> said David Puchi, managing partner at Baceline, in a prepared statement.<em> \u201cThe criteria being neighborhood shopping centers that provide everyday goods and services, internet-resistant tenants and a geographical focus in America\u2019s heartland.\u201d<\/em><\/p>\n<p>In January, the company&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/baceline-acquires-kc-shopping-center-sells-indy-asset\/\">purchased the $6.3 million Piper Plaza in Kansas City<\/a>, Kan., a shopping center previously owned by McCownGordon Construction. The acquisition was partially funded by the sale of the firm\u2019s Madison &amp; Edgewood Shoppes in Indianapolis for $4.3 million.<\/p>\n<p><em>Image via Google Maps&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm purchased four shopping centers located in Wisconsin, Texas, Tennessee and Utah, spending a total of $18 million on 131,000 square feet of leasable space.<\/p>\n","protected":false},"author":746,"featured_media":1004238899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,23891,21742,21749],"tags":[37812,38634],"class_list":["post-1004238725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-national","category-latest","category-retail","tag-baceline-investments","tag-david-puchi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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