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Acquisition Of The Columns In Jackson, Tennessee

BEACHWOOD, Ohio — Chase Properties Ltd., a Beachwood, Ohio-based owner and operator of shopping centers, announces the acquisition of The Columns in Jackson, Tennessee. The Columns is an approximately 268,000 square foot shopping center that is anchored by Ross Dress for Less, Best Buy, Old Navy, Marshalls and Bed Bath & Beyond. The property is shadow-anchored by Kohl’s, Ulta, Dick’s Sporting Good and Hobby Lobby. Disney Investment Group brokered the sale.

 

The property is the dominant shopping center in Jackson and serves as a retail hub for a significant trade area.  Other retailers within close proximity include Super Walmart, Sam’s Club Home Depot and Lowe’s.

 

The Columns is Chase Properties’ third acquisition in the past year, as the company continues to expand by acquiring high quality shopping centers in secondary and tertiary markets. According to Andy Kline, Chase Properties’ Co-CEO, “The Columns, part of a 600,000 square foot shopping destination with a strong tenant lineup, is a perfect fit within our portfolio of well-located shopping centers in smaller markets.  We’re excited to expand our concentration in the Southeastern United States through this acquisition.”

 

Chase Properties Ltd is a full-service owner and operator of shopping centers located in 17 States throughout the Midwest, Southern and Eastern U.S. The company was founded in 1973.  Currently, Chase Properties owns and manages 31 shopping centers comprised of approximately 7 million square feet. Additional information can be found at www.chaseprop.com.

(216) 464-6626

Andrew L. Kline

Co-CEO