Continental Realty Corp. (CRC) has 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 sales price was not disclosed within the release; however, Real Estate Alert reported the sale price of this portfolio to be approximately $200 million.
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 perce
