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Chase Properties Acquires Open-Air Wisconsin Retail with Immediate Upside

Chase Properties, a Beachwood, OH-based owner and operator of shopping centers, has acquired Pine Tree Plaza, an open-air shopping center located in Janesville, WI. The purchase price wasn’t disclosed. Ben Snyder and Zack Bates of Matthews Real Estate Investment Services brokered the deal. 

Pine Tree Plaza is a 184,834-square-foot shopping center anchored by TJ Maxx, HomeGoods, Michaels, Old Navy, and Petco. It’s situated in the middle of the area’s retail trade corridor, with visibility from I-90/39. At acquisition, Pine Tree Plaza was 82% occupied. 

Pine Tree Plaza marks Chase Properties’ sixth acquisition in its Retail Opportunities Fund IV. Andy Kline, Chase Properties’ co-CEO, said, “In this challenging economic and transaction environment, we are very pleased to have been able to execute on this exciting acquisition. Pine Tree Plaza represents an opportunity for us to acquire a strong shopping center with immediate upside.” 


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Chase Properties

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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