Friday, October 27, 2017
Ohio company buys Joplin's North Point Shopping Center
Chase Properties Ltd., a Beachwood, Ohio-based owner and operator of shopping centers, announces the acquisition of North Point Shopping Center in Joplin, Missouri. North Point is an approximately 200,000 square foot shopping center that is anchored by Ashley Furniture Homestore, Ross Dress for Less, and PetSmart. Mid-America Real Estate Group brokered the sale.
North Point Shopping Center benefits from being positioned in the center of Joplin’s retail corridor and draws shoppers from a wide trade area that spans into Oklahoma, Kansas and Arkansas.
North Point Shopping Center is Chase Properties’ fourth 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, “We’re excited to add to our holdings in Missouri through the acquisition of North Point Shopping Center. The property is very well-located at the primary retail intersection in Joplin with terrific visibility and a strong anchor tenant lineup. North Point is a terrific example of our strategy of buying strong shopping centers located in stable, regional markets such as Joplin.”
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 32 shopping centers comprised of approximately 7 million square feet. Additional information can be found at www.chaseprop.com.