Chase Properties Ltd., a Beachwood, Ohio-based owner and operator of community shopping centers across the country, is pleased to announce the acquisition of Poplar Creek Shopping Center in Frankfort, Kentucky. Poplar Creek is a 34,100 square foot shopping center shadow-anchored by Super Wal-Mart and Lowes. Other tenants in the center include Petco, Shoe Carnival and Rue21. Craig Collins with Cushman & Wakefield brokered the sale.
The shopping center is located directly on Highway 127 at the Interstate 64 interchange in Frankfort, which is the capital city for the state of Kentucky. The Highway 127 corridor also includes many other retailers, such as Kroger, JC Penney, Pier One and Hibbett Sporting Goods.
Poplar Creek is Chase Properties’ fifth acquisition over the past 16 months and marks their fourth acquisition in Kentucky, as the company continues to focus on acquiring high quality shopping centers in secondary and tertiary markets. According to Andy Kline, Chase Properties’ Principal and Managing Director, “Poplar Creek is a perfect fit within our strategy of acquiring well-located, high-quality properties in secondary and tertiary markets. We are excited to add Poplar Creek to our growing portfolio.”
Chase Properties is a full service owner and operator of shopping centers located in 15 states throughout the Midwest, Southern and Eastern US. Founded in 1973, Chase Properties currently owns and manages 26 shopping centers comprised of over five million square feet.
Inquiries should be sent to Andy Kline, Principal & Managing Director, Chase Properties LTD, (216)
464-6626, akline@chaseprop.com.
