2020 was a challenging year for so many in our industry. At Big V Property Group, we stayed focused on our core values, supporting our tenants and helping them navigate the challenges of the year.
We helped restaurants stay open, putting up signs and distributing masks.
We supported our communities and frontline workers and introduced our #bigvcares initiative.
We continued to improve our properties and acquired five new properties, including The Avenue, our largest acquisition to date.
All while staying safe, either in the office or meeting on Zoom.
As we look ahead to 2021, we are grateful for our hardworking team, our tenants, our investors and, most importantly, our customers!
Press Release – For Immediate Release
Big V Property Group has acquired the Shoppes at Woodhill in Columbia, SC. The Shoppes at Woodhill is an 82,277 SF community shopping center, ideally located on Garners Ferry Road (41,900 VPD), a primary retail corridor within the Columbia MSA. The center is anchored by Bed Bath & Beyond and World Market and shadow-anchored by Target. Shoppes at Woodhill boasts a mix of major national retailers, service-oriented tenants and restaurants including Starbucks, Panera and Chipotle.
Purchased from EDENS and JP Morgan, the Shoppes at Woodhill is a best-in-class asset and represents a significant upside opportunity for our investors.
Big V Property Group owns and operates 48 neighborhood and community shopping centers totaling over 7 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 50 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
Press Release – For Immediate Release
Big V Property Group has acquired its largest center to date, The Avenue – Murfreesboro, an 843,000 SF open-air shopping center in Murfreesboro, TN, within the Nashville MSA.
Nashville has been named to the top 10 list of fastest growing areas for 2019, according to the 10th annual Top Moving Destinations and Murfreesboro is among the 10th fastest growing metros in the United States.
The center is ideally located on Medical Center Pkwy, with frontage on I-24, in an affluent and growing trade area within commuting distance to Nashville.
The Avenue is a multi-use center, with a mix of Lifestyle and Power center tenants, anchored by H&M, Belk, Barnes & Noble, Havertys, Old Navy, Dick’s Sporting Goods, Best Buy and Burlington opening in 2021. The diverse roster of nationally recognized retailers and restaurants includes 68 unique-to-market tenants, making The Avenue a dominant shopping destination.
Big V worked closely with the seller, Hines Retail, to effectively close this purchase in a difficult environment. Jeffrey Rosenberg, President and CEO of Big V Stated: “I would like to thank both our team and the seller team in coming together to make this a success. Completing this transaction during these difficult times required re-thinking the buyer/seller relationship. We, and the seller, decided early on that the only way to successfully transact was to work closely together as partners, not adversaries. I am incredibly pleased to close this purchase under such unprecedented circumstance and hope to execute on additional transactions in a similar fashion.”
Kenton McKeehan, Senior Managing Director, Hines Retail stated: “Hines is also appreciative of the partnership formed with the Big V team to find solutions which helped us achieve our overall goals and objectives to complete the transaction in such a challenging environment. Murfreesboro is a high quality asset that really demonstrated its strength over the last several months.”
Big V Property Group owns and operates 49 neighborhood and community shopping centers totaling over 8 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
For more information contact:
Jeffrey Rosenberg
jrosenberg@bigv.com
(845) 651-2577
Jason Nidiffer
jnidiffer@bigv.com
(423)534-8534
Press Release – For Immediate Release
Big V Property Group has closed on North Logan Commons, a 176,000 SF power center located in Loganville, GA, within the suburban Atlanta MSA. The shopping center is ideally located on US-78, a primary retail corridor and major east-west connector with traffic counts of 36,650 vehicles per day. The Property was purchased from CIM.
North Logan Commons is anchored by T.J. Maxx, Dick’s Sporting Goods, OfficeMax and PetSmart and shadow-anchored by Lowe’s. Additional national retailers include Dollar Tree, Five Guys Burgers, Anytime Fitness and Sally Beauty. The center is a best-in-class asset and represents a significant upside opportunity for our investors.
Big V Property Group owns and operates 46 neighborhood and community shopping centers totaling over 6 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 45 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
For more information contact:
Ryan Fabbri, rfabbri@bigv.com, (423) 534-4603
Paul Cornette, pcornette@bigv.com, (917) 842-4999
Big V is excited to launch #bigvcares, an initiative focused on providing assistance for our tenants and support in the communities where we work and live.
COVID-19 has impacted all of us in ways no one could have prepared for. It has disrupted virtually every aspect of our lives both personally and professionally. Tenants have always been the core of our business and this is even more true while we face this global pandemic.
One of the ways we are supporting our tenants is by creating printed signage for all the open restaurants in our centers to help draw customers during this difficult time.
Big V has also been purchasing meals from our tenants to donate to some local health care workers. Just another way #bigvcares.
Press Release – For Immediate Release
Big V Property Group has closed on Matthews Corners, a 191,664 SF community shopping center in Matthews, NC. The center is ideally located at US-74 (57,000 VPD) and Matthews Township Pkwy (NC-51), which is the primary retail and traffic corridor for the southeast Charlotte MSA and is just 10 miles from downtown Charlotte.
Matthews Corners is anchored by Marshalls, Ollie’s, Hobby Lobby and Academy Sports with additional national tenants Jersey Mike’s and Signs by Tomorrow and local service-oriented tenants. Purchased from Viking Partners, the center is a best-in-class asset and represents a significant upside opportunity for our investors. Matthews Corners is 100% leased.
Big V Property Group owns and operates 45 neighborhood and community shopping centers totaling over 6 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 45 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
For more information contact:
Ryan Fabbri, rfabbri@bigv.com, (423) 534-4603
Paul Cornette, pcornette@bigv.com, (917) 842-4999
For Immediate Release
Big V Property Group has closed on Towne Square, 302,135 SF community power center in Roanoke, VA. The center is ideally located with access from Hershberger Rd NW (37,000 VPD), Airport Rd NW (6,600 VPD), and Aviation Dr NW (7,200 VPD). Additionally, the center is less than a mile from I-581 (65,000 VPD), a major artery for the region. Towne Square is anchored by Ross Dress for Less, Marshalls, Bed Bath & Beyond, Five Below, Kirkland’s and Petco and shadow-anchored by Sam’s Club. The center was purchased from Kimco and is 82% leased.
Big V Property Group owns and operates 44 neighborhood and community shopping centers totaling over 6 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 45 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
For more information contact:
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
Paul Cornette
pcornette@bigv.com
(917) 842-4999
For Immediate Release
Big V Property Group has closed on Spradlin Farm, a 181,055 square foot regional shopping center at 110 Conston Ave in Christiansburg, VA. The center is ideally located along US Route 460, the dominant retail corridor in Christiansburg, within the Blacksburg/Christiansburg/Radford MSA. Spradlin Farm is also centrally located between Virginia Tech University and Radford University, just minutes from I-81. The center was purchased from Brixmor.
Spradlin Farm is anchored by Big Lots, T.J. Maxx, Barnes & Noble, Michaels and Petco and shadow-anchored by Target and Home Depot. The center also has many smaller national tenants, such as Mattress Firm, Pier 1 Imports, Rack Room Shoes, H&R Block, Supercuts, Five Guys and Chick-Fil-A. Spradlin Farm is a best-in-class asset and represents a significant upside opportunity for our investors. The center is 97% leased.
Big V Property Group owns and operates 43 neighborhood and community shopping centers totaling nearly 6 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 45 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
Paul Cornette
pcornette@bigv.com
(917) 842-4999
Big V Property Group has closed on Spalding Village, a 235,318 square foot regional shopping center in Griffin, GA. The center is ideally located at 1424 N Expressway, a highly trafficked retail corridor adjacent to the University of GA Griffin campus and within the Atlanta MSA. Spalding Village is anchored by Hobby Lobby, Ross Dress for Less, Goodwill and Ollie’s Bargain Outlet, with additional discount tenants Cato and Bargain Hunt and many smaller national and local service-oriented tenants. The center was purchased from RCG and is 93% leased. Big V Property Group owns and operates 44 neighborhood and community shopping centers totaling nearly 6 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 36 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
Paul Cornette
pcornette@bigv.com
(917) 842-4999
Big V Property Group has closed on Harbison Court, a 301,071 square foot regional shopping center ideally located at 264 Harbison Blvd, within the super-regional Harbison Blvd shopping hub. The center is diagonally across from Columbiana Centre shopping mall, near I-26 in Columbia, SC and was acquired from Site Centers.
The separately owned 40,000 square foot vacant Babies R Us in-line space was purchased earlier this year by Big V.
Anchored by Nordstrom Rack, Ross Dress for Less and Marshalls, Harbison Court has many national discount retailers, such as Petco, Tuesday Morning, Rainbow, Five Below, Dollar Tree and Shoe Carnival. Starbucks, Chipotle, Outback as well as national and regional service-oriented tenants round out the center. Extensively renovated in 2014, Harbison Court and the additional Babies R Us vacant box combine to create a best-in-class asset and represents a significant upside opportunity for our investors. The center is 72% leased.
Big V Property Group owns and operates 46 neighborhood and community shopping centers totaling nearly 6 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 34 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
For more information contact:
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
Paul Cornette
pcornette@bigv.com
(917) 842-4999