Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestRetail

Baceline Investments acquires neighborhood shopping centers in three Midwest markets

October 21, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email
Foxmoor Crossing in Fox River Grove, Illinois

Baceline Investments, LLC, a boutique private equity real estate investment and management company with neighborhood shopping center holdings throughout the United States, has acquired three retail properties near Cleveland, Chicago and Minneapolis. It marks a return to buying for the Denver-based firm after concentrating efforts the last six months on supporting its tenants to help them navigate the retail industry during the COVID-19 pandemic.

The acquisitions include Trask Towers (a 16,195-square-feet retail center in Mentor, Ohio), Baceline’s first property in the Cleveland metro area; Foxmoor Crossing (a 22,408-square foot asset in Fox River Grove, Illinois), a high-volume, heavily trafficked retail center one hour northwest of Chicago and Hanson Commons I (a 12,708-square-foot facility in Andover, Minnesota), a location with diverse tenants that has proven resilient during the pandemic.

The acquisitions bring Baceline’s Core Income fund portfolio to 73 shopping centers located in 27 markets in the mid-section of the United States. It’s Baceline’s largest and most diverse portfolio, spanning 15 states. It includes nearly 2.5 million-square-feet of retail space with 860 local and national tenants.

“When the pandemic took hold in March, we immediately shifted our focus into support mode, doing what we could to create tools and resources for the small businesses who occupy our neighborhood shopping centers,” said Dusty Batsell, executive vice president of Real Estate. “While our commitment to ensure their success continues, we are once again targeting and evaluating properties for the portfolio, identifying those in thriving communities.”

Baceline’s investment strategy focuses on neighborhood shopping centers in markets throughout the U.S. that have value-rich properties at opportunistic prices, less competition, and more supply of quality real estate when compared to gateway cities.

Tags
AndoverBaceline InvestmentsFox River GroveMentor
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriCRE

St. Louis’ Western Specialty Contractors adds regional business development manager

June 20, 2025
N DakotaNet Lease

Blue West Capital brokers sale of Planet Fitness in North Dakota

June 20, 2025
MissouriCRE

St. Louis’ Lawrence Group adds associate principal

June 20, 2025
MissouriOffice

IMPACT Strategies relocates to Clayton office

June 20, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com