Newswire Mann Report

Chase Properties Acquires Two Retail Centers

Photo via PRnewswire

Real estate investment and management firm Chase Properties announced the acquisitions of Deertrace Kohler in Kohler, Wisconsin and Mattoon Marketplace in Mattoon, Illinois.

Constructed in 2001, Deertrace Kohler spans 171,366 square feet and is strategically positioned on 19.2 acres, offering a vibrant retail destination for both residents and visitors. The center is occupied by a diverse tenant mix including TJ Maxx, HomeGoods, Sierra Trading Post, Ulta, Five Below and Dollar Tree, and shadow anchored by Target and Home Depot.

Mattoon Marketplace is centrally located approximately two hours northeast of St. Louis and three hours south of Chicago. The 73,226-square-foot property is anchored by PetSmart, Hibbett Sporting Goods, Aspen Dental, Buffalo Wild Wings and Dollar Tree and adjacent to Super Walmart. The property is 95% occupied.

“We are excited to close on these acquisitions, which are terrific additions to our portfolio of dominant open-air shopping centers in secondary and tertiary markets. These are great examples of our ability to execute on attractive opportunities despite the challenging capital markets environment,” said Andy Kline, co-CEO of Chase Properties.