5Rivers CRE Acquires Lifestyle Center in Major Southeast Transaction
Retrieved on:
Thursday, January 12, 2023
REIT, Other Retail, Retail, Commercial Building & Real Estate, Construction & Property, David M. Schwarz, The Shoppes at Eastchase, Aldi, Environment, H&M, Interstate Highway System, Partnership, Sephora, PetSmart, Lululemon Athletica, Target, CRE, Riverchase Galleria, Acquisition, Interstate 85, Restaurant, Ross, Retail, Commercial property
The 388,700-square-foot lifestyle and power center, located along Interstate 85, is the dominant retail destination in south-central Alabama.
Key Points:
- The 388,700-square-foot lifestyle and power center, located along Interstate 85, is the dominant retail destination in south-central Alabama.
- "EastChase represents the quality of asset we're targeting in the Southeast and Texas,” said Analee Bivins, Head of Acquisitions at 5Rivers.
- The Shoppes at EastChase represents the fifth retail center acquisition completed in Alabama for 5Rivers CRE.
- “5Rivers is continuing to pursue properties in Texas, Alabama and other Sunbelt states, particularly in the healthy lifestyle retail sector,” Bivins said.