RCG Ventures (Fund III) Acquires Three Shopping Centers in AL, NY, and MO

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RCG Ventures (Fund III) Acquires Three Shopping Centers in AL, NY, and MO

The 170,403-SF Riverchase Promenade, anchored by Jo-Ann’s, 2nd & Charles, Hancock Fabrics, and Tuesday Morning, is located at the southeast quadrant of Interstate 459 and Montgomery Highway (US 31). The highly accessible center is positioned directly across from Riverchase Galleria Mall. National retailers in the immediate trade area include Walmart Supercenter, Costco, Whole Foods (Under Construction), Home Depot, Ross, Dick’s, Bed, Bath & Beyond, and PetSmart. The Seller was represented by Mark Hillis and Whitney Knoll of Newmark Grubb Knight Frank and RCG was represented in-house by Scott Tarbet.
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Pine Plaza, an 83,273-SF shopping center, is anchored by OfficeMax and Planet Fitness and located along a thriving retail corridor in Niagara Falls, NY. The property is located just south of Fashion Square Mall and in close proximity to a recently completed development which includes Walmart, Sam’s Club, Bed, Bath & Beyond, Petco, and Hobby Lobby. Pine Plaza is minutes from the new Seneca Niagara Casino and is within easy access of four international bridges connecting the United States to Canada.  The Seller was represented by Susan Bands and Sharon Bands of Marcus and Millichap and RCG was represented in-house by Jeff Miller.
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The 118,080-SF Shop ‘n Save Center is located in Ellsville, MO, just west of St. Louis. The center is well positioned along Manchester Road, one of St Louis’ most established retail thoroughfares. The center features great visibility and three points of access. National retailers in close proximity to the center include Home Depot, Target, Kohl’s, Michaels, Jo-Ann’s, Office Max, and Ross. The Seller was represented by Chase Young of CBRE and RCG was represented in-house by Jeff Miller.
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