#Real Estate #Chase Properties #Southwest Portfolio

Chase Properties Expands National Footprint with New Acquisition

Chase Properties, a well-regarded real estate investment firm, has made a significant move in the retail sector by acquiring the Southwest Portfolio, which comprises four properties totaling 514,983 square feet. This acquisition marks the company's strategic entry into the Texas and Arkansas markets, demonstrating its commitment to expanding its national footprint.

Details of the Southwest Portfolio

The newly acquired properties include a variety of retail spaces located in key areas of both states, specifically:

• - Southloop Crossing – Lufkin, TX: This shopping center is anchored by popular stores such as Old Navy, Michaels, Ross, and Five Below, catering to a diverse mix of shoppers.
• - Killeen Marketplace – Killeen, TX: This bustling marketplace features retailers including Ross, Best Buy, and Shoe Carnival, making it a popular destination for electronics and clothing.
• - Southcenter Shopping Center – Hot Springs, AR: Anchored by well-known brands like Kroger, Hobby Lobby, and Ross, this shopping center serves as a vital retail hub for the community.
• - Massard Crossing – Fort Smith, AR: Conveniently situated next to a high-performing Walmart, this center includes stores such as TJ Maxx, Ross, and Five Below, enhancing its appeal to local consumers.

According to Andy Kline, Co-CEO of Chase Properties, the addition of these retail centers aligns perfectly with the firm's long-term investment strategy.