BEAUMONT, TEXAS – Building on the impressive momentum from the last quarter of 2014, Albanese Cormier Holdings continues its aggressive growth plan with the successful acquisition of four new shopping centers across the country. The new acquisitions include Cross Pointe Marketplace, Ferry Pass Plaza, Rivergate Square and Sandy Marketplace, bringing the total portfolio to more than 3M square feet. These acquisitions expand the Company’s portfolio to include properties in Florida, Virginia and Oregon. Other territories include Texas, Louisiana, Mississippi, Arkansas, Missouri, Tennessee, Kentucky, New Mexico, Georgia, Kansas and Illinois.
Cross Pointe Marketplace, in Chesterfield, Virginia is a 73,788 square foot property, purchased at an undisclosed amount from national REIT Phillips Edison & Company, that is anchored by Food Lion, shadow-anchored by Bryant & Stratton College and is located off of Hull Street Road, a major retail corridor.
Chesterfield County is the third-most populous county in Virginia, behind Fairfax County and Prince William County, respectively. With anchors including Food Lion, which occupies more than 32,000 square feet, and Bryant Stratton College, which is attended by more than 500 students, the center is well-positioned within its market and offers potential tenants excellent roadway exposure.
Ferry Pass Plaza, a beautiful, 115,198 square foot shopping center anchored by Dollar Tree and Ross Dress for Less, is the first property within the state of Florida for Albanese Cormier Holdings, the commercial real estate holding company headquartered in Beaumont, Texas. The company also has property in nearby neighboring states, including Mississippi, Georgia and Louisiana.
Pensacola is the westernmost city in the Florida Panhandle and is the county seat of Escambia County, Florida. Located on North Davis Highway, Ferry Pass Plaza is positioned with access to Interstate 10. Additional tenants include Subway, Jackson Hewitt and Dirt Cheap, among others.
Rivergate Square, located in Madison, Tennessee, is located on Gallatin Pike (U.S. 31-A) and Altus Avenue. The 82,088 square foot shopping center is a Home Depot shadow anchored property with a diverse, national tenant mix. Major tenants include Office Depot, Jimmy John’s Gourmet Sandwiches, Dollar General and Outback Steakhouse located on an outparcel.
As part of the Rivergate Mall Area, which is anchored by Dillard’s, JCPenney and Sears, Rivergate Square benefits from high traffic counts and easy accessibility.
Sandy Marketplace, located in Sandy, is just 28 miles from Portland. Sandy is centrally located just 45 minutes from Mt. Hood National Forest and is less than an hour from Portland, Oregon’s largest city and the third most populous city in the Pacific Northwest.
Sandy Marketplace, a 100,762 square foot shopping center, is anchored by Grocery Outlet, Bi-Mart and Dollar Tree. The anchor tenants are accompanied by a diverse tenant mix, including Pizza Hut, H&R Block, NAPA Auto Parts and Baskin Robbins, among others.
ALBANESE CORMIER HOLDINGS
Albanese Cormier Holdings is a commercial real estate development company currently holding more than 3 million square feet of strategically placed assets throughout Texas, Louisiana, Mississippi, Arkansas, Missouri, Tennessee, Kentucky, Kansas, New Mexico, Illinois, Georgia, Virginia, Florida and Oregon. For more information about our company or on any other property within the ACH portfolio, please visit www.AlbaneseCormier.com or contact the main office at (409) 892-0200.