Continental Realty Corporation (CRC) completed an off-market acquisition of a 14-property retail portfolio spanning seven states and encompassing more than 2 million square feet of retail space from US Properties Group.
The acquisition includes a mix of well-located retail assets supported by strong market fundamentals and consistent in-place performance. With this acquisition, the company expands its national shopping center portfolio to over 10.5 million square feet and increases its AUM (assets under management) to nearly $5 billion.
The off-market transaction broadens the privately held company’s national footprint to 16 states, supported by team members located across the United States. CBRE’s Chris Decoufle and Kevin Hurley represented the seller in this transaction.
The centers are 93 percent leased and include more than 230 tenants across Georgia, Illinois, Tennessee, Ohio, North Carolina, South Carolina, and Virginia. According to CoStar Group, the transaction is the third largest portfolio acquisition of the year. The portfolio is anchored by major retailers including Kroger, Hobby Lobby, Ross Dress for Less, Five Below, Harbor Freight Tools, Academy Sports, Belk, and Bob’s Discount Furniture, and is located in markets with an average retail occupancy of 97 percent. High traffic volumes, favorable demographics, and below-market in-place rents, provide a foundation for continued performance and long-term value creation across the portfolio.
Investments in High-Growth Secondary Markets
Notable assets within the portfolio include Streets of Indian Lake, a lifestyle center located in the high growth Nashville, Tennessee market, featuring a mix of national retailers and strong foot traffic supported by high-income demographics and limited new retail supply. The center is shadow-anchored by Regal Cinemas, which ranks in the 80th percentile in Tennessee and 85th nationally for movie theater visitation.
The portfolio also includes four assets in Ohio, representing CRC’s entry into the state and comprising approximately 435,000 square feet of space, including Delaware Community Plaza, a Kroger grocery-anchored center located in a high-income trade area. The center has recorded approximately 3.3 million annual visits and ranks in the top 75th percentile for community centers statewide and nationally. Delaware County, part of the Columbus metropolitan area, has experienced strong population growth, increasing by 12.54% over the past five years and the Columbus market added more than 21,000 residents in 2025 alone, driven by a strong labor market and relative affordability.
Shopping center roster
· Bechtle Crossing – 223,000 square feet – Springfield, Ohio
· Cherry Hill Plaza – 36,000 square feet – Galax, Virginia
· Collinsville Plaza – 29,000 square feet – Collinsville, Illinois
· Cross Creek Plaza – 245,000 square feet – Beaufort, South Carolina
· Cypress Bay Plaza – 280,000 square feet – Morehead City, North Carolina
· Delaware Community Plaza – 148,000 square feet – Delaware, Ohio
· Franklin Square – 142,000 square feet – Spartanburg, Georgia
· Marion Towne Center – 84,000 square feet – Marion, South Carolina
· Mount Vernon Plaza – 52,000 square feet – Mount Vernon, Ohio
· Shoppes at Morrow Station – 485,000 square feet – Morrow, Georgia
· The Streets of Indian Lake – 300,000 square feet – Hendersonville, Tennessee
· Springfield Small Shops – 12,000 square feet – Springfield, Ohio
· Suwanee Crossroads Shopping Center – 72,000 square feet – Suwanee, Georgia
· Walterboro Plaza – 134,000 square feet – Walterboro, South Carolina
