DENVER — Baceline Investments LLC has acquired 10 neighborhood retail centers totaling 418,000 square feet in the Midwest and Mid-South for $33.3 million. It is the largest transaction in the history of the Denver-based private equity real estate firm. The portfolio will be part of Baceline’s high-yield income strategy designed to produce substantial income through the ownership of stable, cash-flowing commercial real estate.
The acquired properties include:
• Park Center, a 105,032-square-foot center in Memphis, Tenn.;
• Shoppes of Loveland, a 64,607-square-foot center in Loveland, Ohio, near Cincinnati;
• Towne Square, a 55,168-square-foot center in Florence, Ky., near Cincinnati;
• Mainline Plaza, a 42,182-square-foot center in Belleville, Ill., near St. Louis;
• Fort Plaza, a 39,994-square-foot center in Omaha, Neb.;
• Weber Place, a 38,802-square-foot center in Omaha, Neb.
• Midway Plaza, a 27,200-square-foot center in Fairview Heights, Ill. near St. Louis;
• Noland View, an 18,480-square-foot center in Independence, Mo. near Kansas City;
• Holly Hills, a 16,847-square-foot center in St. Louis;
• Eagle Creek, a 9,239-square-foot center in Indianapolis.