Portfolio of retail centers include two Omaha centers

Denver-based Baceline Investments LLC has acquired a portfolio of 10 neighborhood retail centers totaling approximately 418,000 square feet for $33 million.

The portfolio includes Park Center, a 105,032-square-foot center located in Memphis, Tennessee; Shoppes of Loveland, a 64,607-square-foot center located in Loveland, Ohio; Turfway Towne Square, a 55,168-square-foot center located in Florence, Kentucky; Mainline Plaza, a 42,182-square-foot center located in Belleville, Illinois; Fort Plaza, a 39,994-square-foot center, and Weber Place, a 38,802-square-foot center, both located in Omaha, Nebraska; Midway Plaza, a 27,200-square-foot center located in Fairview Heights, Illinois; Noland View, an 18,480-square-foot center located in Independence, Missouri; Holly Hills, a 16,847-square-foot center located in St. Louis; and Eagle Creek, a 9,239-square-foot center located in Indianapolis.

Mall of the Bluffs did not sell at Auction

The 491,900 square foot mall in Council Bluffs that was built in 1986 and the main shopping area for many years now sits mostly empty. It went up for auction last week with a opening bid at only $1.5 million and reached a top bid of $4.5 million but that was not high enough for the reserve that was set on the property so it did not sell at auction. The owners still have the property for sale.

This property sits near the interstate and Madison Ave. in Council Bluffs, Iowa here in the Omaha metro.