Chase Properties Ltd., a Beachwood, Ohio-based owner and operator of shopping centers, announces the acquisition of Williams Crossing in Bedford, Indiana from Horne Properties. Williams Crossing is a 50,000 square foot shopping center that is shadow-anchored by a Super Walmart. Other tenants in the center include Dollar Tree, Maurices, Shoe Show and Hibbett Sports. Marcus & Millichap brokered the sale.
Bedford is located 25 miles south of Bloomington, Indiana and 80 miles south of Indianapolis. Other major retailers within close proximity to Williams Crossing are Lowes Home Improvement, Kmart and Goody’s. Williams Crossing is Chase Properties’ third acquisition over the past year as the company continues to focus on acquisition of high quality shopping centers in both secondary and tertiary markets. According to Andy Kline, Chase Properties’ Principal and Managing Director, “Chase has a long-standing history of acquiring top-notch shopping centers.
Williams Crossing is another great example. We look forward to adding even more shopping centers to our portfolio in the near future.” Chase has recently acquired both North Road Plaza in Orangeburg, South Carolina and South Pointe Shopping Center in Sikeston, Missouri.
Founded in 1973, Chase Properties is a full service owner and operator of shopping centers located in 13 States throughout the Midwest, Southern and Eastern U.S. Chase Properties presently owns and manages 25 community shopping centers comprised of over 5 million square feet and prides themselves on maintaining a responsive business relationship with all of their tenants.
Inquiries should be sent to Andy Kline, Principal & Managing Director, Chase Properties LTD, (216) 464-6626, akline@chaseprop.com.
