Overview
The Pines
Images
No items found.

The Pines

Pineville, LA

Fund:

Fund III

Type:

Retail

Size:

179,039 SF
8.84+ Acres

Key TenantS:

Super 1, Ollies, Cato, Sally Beauty

Address:

2973 Cottingham Expressway,
Pineville, LA 71360

Description:

A 179,039 SF, 18.84+ acre, Grocery Anchored (Super 1) retail property with an Ollie’s Bargain Outlet. The asset was placed under contract during the height of the COVID-19 Pandemic. Additionally, the asset has three pad sites, which hold value to either fee develop, ground lease (and sell), or sell outright. Lastly, there is a large, empty standalone former K-Mart which has self-storage potential as well as adjacent land. This transaction is an example of the buying power of the Fund and its ability to move quickly and acquire underpriced assets in special situations.

Back
Back