BEAUMONT, TEXAS – In late 2014, Albanese Cormier Holdings announced the acquisition of six regional and shadow-anchored shopping centers. The new acquisitions included Cross Creek Shopping Center, Topeka Commons, Decatur Marketplace, Beacon Heights Shopping Center, Lakeway Shopping Center and Alexandria Village Green Shopping Center, bringing the total portfolio to more than 3M square feet. These acquisitions expand the Company’s portfolio to include properties in Kansas, Illinois, Georgia and New Mexico. Other territories include Texas, Louisiana, Mississippi, Arkansas, Missouri, Tennessee and Kentucky.
Cross Creek Shopping Center is a 65,269 square foot property located off of U.S. Route 78 in Tupelo, Mississippi and is anchored by national tenants. Tupelo is the county seat and the largest city of Lee County. It is also the seventh-largest city in the state. With anchors including PetSmart, which occupies more than 19,000 square feet, and Staples, which occupies almost 24,000 square feet, the center is well-positioned within its market and offers potential tenants excellent roadway exposure. A shadow center of Tupelo’s Home Depot, Cross Creek Shopping Center also offers an additional 1.4 acre out-parcel available for lease, perfect for a build-to-suit tenant. Additional tenants include Beltone Hearing and Cracker Barrel restaurant, located on a second out-parcel on the property. Cross Creek Shopping Center is asset number four in Albanese Cormier Holdings’ Mississippi market. Other properties are located in Clinton, Hazlehurst and Kosciusko.
Topeka Commons is a beautiful 124,859 square foot shopping center which sits prominently atop 13.8 acres in a high-traffic area just off Hwy 24 near I-70. Topeka is the capital city of the state of Kansas and is situated along the Kansas River. Topeka Commons also features major national tenants Dollar Tree and Dollar General, among others.
Anchored by Super Wal-Mart, Decatur Marketplace is a highly successful 194,781 square foot community center located at the Southwest corner of Mt. Zion Road and Maryland Street and 40 miles due East of Springfield. The shopping center features strong national tenants, including CATO, GameStop, GNC and the Cash Store. Decatur Marketplace is within close proximity to Richland Community College and reaps the benefits of the area’s vast industrial and agricultural production industries.
Beacon Heights Shopping Center, located in Madison, which is the county seat of Morgan County and is just 1.5 hours from Atlanta, is a 105,849 square foot property situated just South of Downtown Madison. Madison is centrally located just two hours or less from major U.S. cities, including Atlanta, Augusta and Macon, Georgia. Featuring a diverse national tenant mix, major tenants include Dollar Tree, Goodwill Industries, Hibbett Sports, Goody’s and Rent A Center, in addition to the center offering good visibility and access.
Lakeway Shopping Center is a 77,616 square foot property located in Truth or Consequences, New Mexico, the county seat of Sierra County along the Rio Grande River. Easily accessible and surrounded by tourist attractions, Lakeway Shopping Center is just 1 mile from Interstate 25 and is within close proximity to Elephant Butte Lake State Park, the largest and most popular state park within New Mexico. The lake attracts more than 1 million annual visitors. With a diverse tenant mix including national tenants like Bealls, Burke’s Outlet, Dollar General and Subway, the shopping center is the dominant retail destination in Truth or Consequences.
Alexandria Village Green Shopping Center, located in Alexandria, Kentucky, is just thirty minutes from Downtown Cincinnati. Alexandria Village Green, a 207,606 square foot shopping center, is a Wal-Mart shadow anchored property with a diverse, national tenant mix. Major tenants include Dunham’s Sports, Rue 21, GNC, Tuesday Morning, Snap Fitness, Payless Shoe Source, Bath & Body Works, SuperCuts and more. Alexandria Village Green is the area’s premier shopping and dining destination, as it sits centrally located along U.S. 27, with close proximity to Northern Kentucky University and the Greater Cincinnati Northern Kentucky International Airport. Alexandria Village Green Shopping Center joins Albanese Cormier Holdings’ Kentucky portfolio as asset number two, next to Harrodsburg Plaza in Harrodsburg, Kentucky.
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, Colorado, Arkansas, Nevada, Missouri, Tennessee, Kentucky, Kansas, New Mexico, Illinois and Georgia. 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.
