Baceline Announces Purchase of Westgate Shopping Center in Little Rock, Arkansas
Baceline Investments successfully closed on Westgate Shopping Center on April 23, 2015. This acquisition represents the first property for the Firm’s new High Yield Income Strategy.
Located in the affluent area of Little Rock, Arkansas, Westgate is a 52,600 square foot neighborhood shopping center. Baceline purchased this cash-flowing retail center at an 8.7% cap rate. With great visibility, solid occupancy, and high traffic counts, this property has all the characteristics of a great investment.
For additional information please contact Baceline Investments.
About Baceline Investments
Founded in 2003, Baceline Investments, LLC is a Denver-based privately held boutique real estate investment company that specializes in the acquisition, management, and sale of necessity-based shopping centers in select secondary markets across America’s Heartland. This unique geographic focus allows investors to better diversify their investment portfolio while avoiding exposure to overly competitive larger markets and the more cyclical coastal regions.