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Chase Properties Announces Acquisition of Mid State Plaza in Salina, Kansas

Chase Properties Ltd., a Beachwood, Ohio-based owner and operator of shopping centers, announces the acquisition of Mid State Plaza in Salina, KS. Mid State Plaza is a 287,000 square foot shopping center anchored by Dicks Sporting Goods, Ashley Furniture, Marshalls, and Big Lots.

Mid State Plaza is located on the main retail corridor in Salina, just east of I-135. The property is the dominant shopping center on the South 9th Street Corridor within close proximity to Super Walmart, Target, Kohls and other national anchors. Manhattan, Kansas, about 70 miles from Salina, is the next closest retail destination.

Mid State Plaza is Chase Properties’ first acquisition in the state of Kansas, and continues Chase Properties’ focus on acquiring high quality shopping centers in secondary and tertiary markets. According to Andy Kline, Chase Properties’ Principal and Managing Director, Mid State Plaza is an exciting addition to our portfolio, as we are expanding our footprint into the state of Kansas. We feel that this property will be an outstanding addition to our portfolio of dominant shopping centers in secondary and tertiary markets.”

Chase Properties Ltd is a full service owner and operator of shopping centers located in 15 States throughout the Midwest, Southern and Eastern U.S. The company was founded in 1973. Currently, Chase Properties owns and manages 29 shopping centers comprised of over 6 million square feet. Additional information can be found at www.chaseprop.com.

(216) 464-6626

Andrew L. Kline

Co-CEO