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Chase Properties Announces the Acquisition of Valley Corners in Hickory, North Carolina

Chase Properties Ltd., a Beachwood, Ohio-based owner and operator of community shopping centers across the country, is pleased to announce the acquisition of Valley Corners in Hickory, North Carolina from Collett & Associates. Valley Corners is a 144,000 square foot shopping center anchored by Michaels, Ross, Ashley Furniture, and PETCO. Other tenants in the center include Rack Room Shoes, Dressbarn, Cato, McDonald’s, Olive Garden, and Chili’s. David Webb with Berkeley Capital Advisors brokered the sale.

The city of Hickory is located approximately 60 miles north of Charlotte, and 70 miles south of Winston-Salem, NC. The shopping center is located directly on Highway 70, Hickory’s primary retail corridor, which serves a wide trade area of western North Carolina. Neighboring tenants include Super Walmart, Sam’s Club, Lowes and the Valley Hills Mall, a nearly one million square foot mall anchored by Belk, Dillard’s, JCPenney, and Sears.

Valley Corners is Chase Properties’ fourth acquisition over the past year and marks their first acquisition in North Carolina, as the company continues to focus on acquiring high quality shopping centers in secondary and tertiary markets. According to Andy Kline, Chase Properties’ Principal and Managing Director, “Valley Corners is a terrific addition to our portfolio of well-located, high-quality properties. We are pleased to add a North Carolina shopping Center to our growing portfolio.”

Chase Properties is a full service owner and operator of shopping centers located in 15 states throughout the Midwest, Southern and Eastern US. Founded in 1973, Chase Properties currently owns and manages 26 shopping centers comprised of over five million square feet.

Inquiries should be sent to Andy Kline, Principal & Managing Director, Chase Properties LTD, (216)
464-6626, akline@chaseprop.com.

 

(216) 464-6626

Andrew L. Kline

Co-CEO