RCG Ventures Acquires Six Properties in 4th Quarter and Plans on Acquiring $250,000,000 in 2015

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RCG Ventures Acquires Six Properties in 4th Quarter and Plans on Acquiring $250,000,000 in 2015

RCG Ventures (Fund III) had a strong finish to 2014 with the acquisition of six properties in 4th quarter including the following properties in December. In 2015, RCG plans to acquire $250,000,000 in value-add anchored shopping centers.

Shops on the Circle | Dothan, AL

RCG Ventures Fund III is pleased to announce the acquisition of Shops on the Circle located in Dothan, AL.  The 182,991-square foot shopping center is anchored by TJMaxx, Big Lots, PetSmart, Old Navy, Shoe Carnival and OfficeMax. Nearby retailers include Walmart Supercenter, Target, The Home Depot, Lowe’s and Kohl’s. The seller was represented by Mark Hillis and Whitney Knoll of NGKF Capital Markets and RCG was represented in-house by Scott Tarbet.

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Meadowlands Town Center | Chardon, OH

RCG Ventures Fund III is pleased to announce the acquisition of Meadowlands Town Center, a destination power center located within the Cleveland, OH MSA. The center is anchored by a high-volume Walmart Supercenter, The Home Depot, Staples and Dollar Tree. The seller was represented by Rebecca Wells of JLL and RCG was represented in-house by Matt Klump.

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14 Outlots | Kenosha, WI

RCG Ventures Fund III is pleased to announce the acquisition of  14 outlots totalling over 27 developable acres in front of a Walmart Supercenter and Sam’s Club in Kenosha, WI.  The seller was represented by Patrick Gallagher and Matson Holbrook, Jr. of Siegel-Gallagher and RCG was represented in-house by Jeff Miller.

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Ocala West | Ocala, FL

RCG Ventures Fund III is pleased to announce the acquisition of the Ocala West in Ocala, FL. The property is anchored by Hobby Lobby and is well positioned in the main retail sub-market, one mile east of I-75. The center is in close proximity to the 555,000-square foot Paddock Mall. Nearby retailers include Walmart Supercenter, Super Target, Lowe’s and The Home Depot. The seller was represented by Mark Gilbert and Adam Feinstein of Cushman & Wakefield and RCG was represented in-house by Scott Tarbet.

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