Marks the JV’s first Food Lion-anchored shopping center and brings ShopOne to the Charlotte MSA
ShopOne Centers REIT Inc. (“ShopOne”), a fully integrated U.S. retail shopping center investment, management, and operating platform, together with its joint venture partners Pantheon and a leading global institutional investor, announces the acquisition of Riverview Commons, a 59,020 square foot shopping center located in Rock Hill, South Carolina. This acquisition marks ShopOne’s first acquisition in the Charlotte MSA.
Riverview Commons is strategically anchored by Food Lion and features national co-tenant Dollar General, making it a vital retail destination for the local community. The shopping center is 96% occupied and offers future value creation through leasing and expansion/development opportunities. Situated at Mt. Gallant Road and Celanese Road, just one mile west of I-77, Riverview Commons provides excellent local and regional accessibility.
Chris Reed, CEO of ShopOne, commented on the acquisition: “We are pleased to add Riverview Commons to our portfolio. This property aligns well with our strategy of investing in well-located, grocery-anchored centers that serve as essential retail and service destinations within their communities. We look forward to enhancing the value of Riverview Commons and continuing to support the needs of the Rock Hill community.”
The acquisition of Riverview Commons brings the total number of shopping centers in the JV’s portfolio to 21, encompassing more than 2.0 million square feet, and reinforcing the company’s commitment to acquiring and managing high-quality retail assets in attractive markets. With this acquisition, ShopOne continues to strengthen its presence in the Southeast and build on its success in delivering value to tenants and investors alike.
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