Baceline Investments Announces Acquisition of Century Plaza Shopping Center near Chicago

Baceline Investments, LLC, a boutique private equity real estate investment and management company with retail holdings throughout the Central United States, announced today the acquisition of Century Plaza, a 15,464-square-foot neighborhood shopping center in Lisle, Ill., about 15 miles west of Downtown Chicago.

The shopping center, built in 2002, consists of 10 retail stores including high-profile tenants Dunkin’ Donuts, Jimmy John’s and Domino’s Pizza. Located at 2801 Ogden Avenue, the all-brick façade retail center becomes the fourth property in Baceline’s Value-Add/Opportunistic Strategy portfolio.

“Century Plaza is an ideal acquisition for our Opportunities Fund as it is located in a thriving neighborhood in suburban Chicago and the prior owner was disinterested and financially constrained from adding value to the property,” said David Puchi, managing partner of Baceline Investments. “Situated along a busy and heavily traveled retail corridor, it is considered a premier retail destination. Baceline’s goal is to take an aggressive, hands-on approach to revitalize Century Plaza and bring it back to life, making it a retail center that the local community will once again embrace.”

Baceline’s Value-Add Strategy is designed to invest in neighborhood shopping centers located throughout America’s Heartland that have unrecognized potential because they are distressed or have otherwise been neglected. Identifying properties that have significant revitalization opportunity, coupled with Baceline’s geographical focus on the midsection of the United States, allows the firm to acquire real estate at favorable pricing.

About Baceline Investments

Founded in 2003, Baceline Investments, LLC is a Denver-based privately held boutique real estate investment and management company that specializes in the acquisition, management, and sale of necessity-based shopping centers in select secondary markets across America's Heartland. By avoiding high-priced and competitive commercial real estate markets on the coasts, Baceline’s Heartland focus provides untapped investment opportunity. This unique geographic focus allows investors to better diversify their investment portfolio. Learn more about Baceline Investments at www.bacelineinvestments.com or LinkedIn.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160113005672/en/