Albanese Cormier Holdings Portfolio Expands with Acquisition of Three New Properties

 BEAUMONT, TX August 8, 2016: Albanese Cormier Holdings continues to grow with the addition of three new Walmart Super Center shadow centers, totaling 44,493 square feet. These acquisitions expand ACH’s presence in Louisiana, Kentucky and Georgia. ACH worked very closely with H.P. Smith, Principal of Gibson Smith Realty Co., throughout the process. The acquisitions include Mansfield Plaza, Lebanon Plaza and Tifton Plaza, bringing the total number of acquisitions to 7 so far in 2016.

Mansfield Plaza is a fully leased 10,800 square foot property located on Highway 509 in Mansfield, LA. The center is a shadow anchor of Mansfield’s Walmart Super Center and has the national tenant, Dollar Tree, occupying 8,000 square feet of the center. With great visibility, the center is undoubtedly well-positioned to experience success. Additional tenants include Verizon and locally owned Today’s Nails.

Lebanon Plaza is a beautiful 14,793 square foot property located in Lebanon, KY just off of Campbellsville Highway. With Dollar Tree as the strong national tenant, the shadow anchor of Lebanon’s Walmart Super Center offers potential tenants excellent exposure. Other tenants include Bluegrass Cellular and World Finance.

The third Walmart Super Center shadow anchor, Tifton Plaza, is a fully leased center with a diverse national tenant mix totaling 18,900 square feet. National tenants include AT&T, Cato, and Shoe Show, among others. With easy access to Highway 82, tenants enjoy exposure to high traffic counts gained with this center’s strategic positioning.

“These properties make the perfect addition to our continually growing portfolio, and will strengthen relationships with national tenants. We’re very excited to see what the rest of 2016 has in store for us,” says Thomas Cormier, Principal at Albanese Cormier Holdings.

ALBANESE CORMIER HOLDINGS

Albanese Cormier Holdings is a commercial real estate investment company currently holding more than 4 million square feet of 70 strategically placed assets throughout 20 states. For more information about our company or on any other property within the ACH portfolio, please visit www.ach-us.com or contact the main office at (409) 892-0200.