SHOPONE CENTERS REIT INC.


Associated tags: Retail, Commercial Building & Real Estate, REIT, Construction & Property, Pantheon, JV, Other Construction & Property, Food, Beverage, Other Retail, Discount, Variety, Parkway, Supermarket, Convenience Store, H&R Block

ShopOne and its JV Partners Expand Presence in New England, Acquiring Grocery-Anchored North Providence Marketplace Shopping Center in Rhode Island

Retrieved on: 
Monday, September 18, 2023

(“ShopOne”), Pantheon, and a leading global institutional investor, announced that it has acquired North Providence Marketplace, a 112,497 square-foot grocery-anchored shopping center located in North Providence, R.I.

Key Points: 
  • (“ShopOne”), Pantheon, and a leading global institutional investor, announced that it has acquired North Providence Marketplace, a 112,497 square-foot grocery-anchored shopping center located in North Providence, R.I.
  • North Providence Marketplace has been a fixture of the North Providence community for over 50 years, and is considered the dominant center of its kind in the trade area.
  • “We are pleased to have acquired North Providence Marketplace, a high traffic institutional-quality grocery-anchored shopping center serving a fundamentally strong and established trade area,” stated Chris Reed, Chief Investment Officer at ShopOne.
  • North Providence Marketplace marks the 14th asset the JV has acquired since its formation in March 2022, and is the fourth grocery-anchored shopping center it has acquired in 2023.

ShopOne Announces Five Below is Coming to Southampton Shopping Center in Northern Philadelphia in Fall 2023

Retrieved on: 
Tuesday, August 22, 2023

(“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, today announced it is bringing Five Below to the Giant Food-anchored Southampton Shopping Center in Southampton, Pennsylvania.

Key Points: 
  • (“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, today announced it is bringing Five Below to the Giant Food-anchored Southampton Shopping Center in Southampton, Pennsylvania.
  • “Five Below is one of the retail industry’s fastest growing and popular brands, and we are excited for them to join us at Southampton Shopping Center,” commented Mike Makinen, Chief Operating Officer for ShopOne.
  • Five Below joins a strong and complementary merchandising lineup at Southampton Shopping Center, while helping to broaden the appeal of the asset with consumers outside of the immediate trade area.
  • Southampton Shopping Center is located at the intersection of Knowles Avenue and Second Street Pike in Bucks County, just north of Philadelphia.

ShopOne and its JV Partners Continue Adding Scale in Georgia, Acquiring Kroger-Anchored Sharon Greens Shopping Center in the Atlanta MSA

Retrieved on: 
Thursday, August 17, 2023

(“ShopOne”), Pantheon and a leading global institutional investor today announced it has acquired the 98,224 square foot Kroger-anchored Sharon Greens neighborhood shopping center located in burgeoning and highly desirable Forsyth County, Georgia.

Key Points: 
  • (“ShopOne”), Pantheon and a leading global institutional investor today announced it has acquired the 98,224 square foot Kroger-anchored Sharon Greens neighborhood shopping center located in burgeoning and highly desirable Forsyth County, Georgia.
  • The center is 100% leased and surrounded by 61,489 people, with an average household income of $202,823 within a 3-mile radius.
  • “We are pleased to further grow our presence in the Atlanta MSA with the recent acquisition of Sharon Greens.
  • The JV has more than $1 billion in total investment capacity and a $225 million senior credit facility.

ShopOne and its JV Partners Enter Massachusetts with Acquisition of Stop & Shop-Anchored Shopping Center Heritage Park Plaza in East Longmeadow

Retrieved on: 
Thursday, May 25, 2023

(“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, together with its joint venture (“JV”) partners, Pantheon and a leading global institutional investor, today announced their entry into Massachusetts with the acquisition of Heritage Park Plaza.

Key Points: 
  • (“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, together with its joint venture (“JV”) partners, Pantheon and a leading global institutional investor, today announced their entry into Massachusetts with the acquisition of Heritage Park Plaza.
  • The 117,337 square foot Stop & Shop anchored shopping center is located in East Longmeadow, a suburb of Springfield.
  • Heritage Park Plaza, which is 98 percent occupied, is strategically located along Route 83, a heavily-traveled local thoroughfare, and is serviced by three major highways – Interstates 90 (Massachusetts Turnpike), 91 and 291.
  • The JV has more than $1 billion of total investment capacity and features a $225 million senior credit facility.

ShopOne Further Expands its Footprint in Atlanta MSA with Acquisition of Bethesda Walk

Retrieved on: 
Friday, March 10, 2023

The JV closed on the acquisition of the Walmart Neighborhood Market-anchored Bethesda Walk in Lawrenceville, part of the Atlanta MSA, in early March, bringing the total number of grocery-anchored assets in the JV’s portfolio to 11 properties – all of which are anchored by high traffic, best-in-class grocers and feature diverse and synergistic merchandising mixes.

Key Points: 
  • The JV closed on the acquisition of the Walmart Neighborhood Market-anchored Bethesda Walk in Lawrenceville, part of the Atlanta MSA, in early March, bringing the total number of grocery-anchored assets in the JV’s portfolio to 11 properties – all of which are anchored by high traffic, best-in-class grocers and feature diverse and synergistic merchandising mixes.
  • Bethesda Walk totals 68,271 square feet and is 98 percent occupied.
  • The center is situated in a dense and growing submarket and serves as the dominant convenience-oriented grocery-anchored neighborhood shopping center in the trade area.
  • “Georgia, and the Atlanta MSA in particular, is thriving both fundamentally and economically, and we are thrilled to further solidify our presence in the Peach State with the acquisition of Bethesda Walk,” stated Chris Reed, Chief Investment Officer at ShopOne.

ShopOne Acquires Publix-Anchored Kennesaw Walk in Kennesaw, Georgia

Retrieved on: 
Tuesday, December 20, 2022

(“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, is pleased to announce the acquisition of the Publix-anchored Kennesaw Walk in Kennesaw, Georgia.

Key Points: 
  • (“ShopOne”), a fully integrated U.S. grocery-anchored shopping center investment, management and operating platform, is pleased to announce the acquisition of the Publix-anchored Kennesaw Walk in Kennesaw, Georgia.
  • ShopOne acquired the asset as part of its previously announced joint venture with Pantheon and a leading global institutional investor.
  • In addition to a newly-renovated Publix, Kennesaw Walk features a diversified mix of leading national and regional tenants, including Subway, H&R Block, Supercuts and State Farm.
  • “Kennesaw Walk is exemplary of the type and quality of assets the joint venture is seeking to add to our portfolio.