Albanese Cormier Holdings increases property count in Illinois

Schnucks at Fairview Park Plaza

CENTRALIA, ILLINOIS – Albanese Cormier Holdings has announced today the acquisition of Fairview Park Plaza. Located at 1001-1161 W Broadway in Centralia, Illinois, the center is only twenty-five miles southeast of downtown Mt. Vernon and one mile from downtown Centralia. Fairview Park Plaza is a 274,215 square-foot grocery-anchored community shopping center. Included among the anchor tenants are AMC Theatres, Big Lots, Goody’s, and Schnucks. Other notable retailers include Firestone, Hibbett Sports, Long John Silver’s, Maurices, Rent-A-Center, Sears, Sonic Drive-In and US Bank.

“We are very excited to purchase another asset in Illinois and are looking forward to building on the positive leasing momentum started by the previously landlord, Phillips Edison & Company,” said Brandi Norwood, Director of Leasing at ACH. Chris LaBounty of May Real Estate represented Phillips Edison & Company in the transaction.

ACH took an interest in the property due to the diverse national tenant mix and the tenants’ strong sales. ACH plans to aggressively pursue leasing opportunities at the center.

ALBANESE CORMIER HOLDINGS
 
Albanese Cormier Holdings is a national commercial real estate investment company based in Beaumont, Texas currently holding over 5 million square feet of 78 strategically placed assets throughout 22 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.