This Marks the Property Group’s First Asset in the Greater Houston Area
Big V Property Group (BVPG) is pleased to announce the acquisition of Deerbrook Marketplace, their first Houston location. Located at the intersection of two of Northeast Houston’s major roadways— U.S. Highway 59 and FM 1960— Deerbrook Marketplace in Humble, Texas is right at the epicenter of one of Houston’s strongest retail submarkets. The center has attracted a dedicated base of nationally recognized tenants and serves the Kingwood, Atascocita, and Humble areas.
On just under 43 acres and boasting over 360,000 square feet of retail space, this 7-building open-air shopping complex is home to well-loved and recognized retail outlets like Bed Bath &
Beyond, Best Buy, Marshalls, OfficeMax, PetSmart, Old Navy, and ULTA.
As one of only three shopping centers in the Humble/Kingwood area, in 2020 alone Deerbrook Marketplace welcomed over 2.5 million visitors. Due to its top-shelf address at the highest-trafficked intersection in all of Northeast Houston— with over 174,000 vehicles passing it per day— and over 142,000 residents in the neighborhood within a 5-mile radius, it’s developed into an impressive trade area, attracting surrounding customers and even those from a 15-mile distance.
Houston is a global gateway city, with a history of impressive GDP, population, and employment growth. It’s the energy capital of the world, home to the globe’s largest medical center and over 23 Fortune 500 companies, as well as the largest U.S. export port, and a renowned arts hub. With the greater Humble area itself experiencing a robust boom in population and economic growth, Big V Property Group is pleased to be a part of the fabric of the development and progress of this impressive, dynamic city.
For Acquisitions and Investment information, please contact
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
For Leasing information, please contact
Pat Kelly
pkelly@bigv.com
(980) 221-4102
Kenton McKeehan Brings His Extensive Retail Real Estate Industry Experience to Big V Property Group
(Charlotte, NC) – Big V Property Group (BVPG), is pleased to announce the appointment of Kenton McKeehan as Chief Revenue Officer (CRO). Mr. McKeehan will also Join Big V’s Strategic Executive Board, Executive Committee and the Investment Committee.
Mr. McKeehan joins Big V with over thirty years in the retail real estate industry, where he has extensive experience in asset management, acquisitions, dispositions, leasing, property management and capital raising.
Prior to joining Big V, McKeehan spent twenty-plus years with Hines Interest, overseeing their global retail portfolio of more than $6 billion. He plans to bring the same institutional investment mindset to Big V.
“Jeff, Mike, Jason and the Big V team have made extraordinary progress over the last several years despite some of the toughest conditions experienced in our industry, which is a testament to their vision and the efforts of the whole team”, said Mr. McKeehan. “Growing the portfolio with discipline and bettering the communities that we serve will be something I will strive for every day as we move forward”
“We are very excited to welcome Kenton to the Big V Team,” said Jeffrey Rosenberg, President and CEO of Big V. “We have had tremendous growth over the last several years as we execute our strategy and I believe that Kenton is a key part of our future success”.
Mr. McKeehan will be based in Big V’s Charlotte Office.
Mr. McKeehan is a graduate of Texas Christian University and holds a BBA in Finance as well as senior shopping center industry designations for both leasing and property management. Mr. McKeehan is also on the Board of Directors of ICSC and sits on the ICSC executive committee.
About Big V Property Group
Big V Property Group owns and operates 51 neighborhood and community shopping centers totaling over 9 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, San Antonio, TX, and Florida, NY. For further information, please visit www.bigv.com.
The New Owners Look Forward to Expanding in the San Antonio Market.
SAN ANTONIO, TEXAS (May 1, 2021) — Big V Property Group (BVPG), along with partners Kimco Realty and Equity Street Capital, is excited to acquire The RIM Shopping Center. The acquisition consists of approximately 1,050,000 square feet of premiere retail and restaurant space at one of the largest mixed-use/lifestyle centers in Texas, and the 10th most visited center in the United States. The new owners plan to continue to grow the center with new restaurants and retail stores. The RIM is not only an established lifestyle property, but it has also become a go-to destination for both locals and visitors to San Antonio. The property will be managed by Big V Property Group.
“We are thrilled to be acquiring The RIM, one of the largest properties in Texas with a vibrant mix of retail, multifamily and hospitality in one of San Antonio’s most desirable growth areas. The RIM is a logical choice for us and is highly complementary to our existing portfolio,” said Jeffrey Rosenberg, CEO of Big V.
He continued, “Our hope is to always be a part of the communities in which we do business, and that is the same for San Antonio. We appreciate the culture and history of the city and we also see continued growth on the horizon.”
Kimco President and Chief Investment Officer Ross Cooper shared, “We’re excited to partner with Big V as a preferred equity investor to acquire this flagship San Antonio shopping center. We see excellent long-term opportunity in this market and this asset in particular, and we view this as the perfect fit for our structured investments program.”
Paul Esajian & Than Merril, founders at Equity Street commented: “We are proud to be part of this one of a kind asset with best in class partners alongside Big V and Kimco. This represents a significant opportunity for Equity Street Capital and its partners to add value and improve upon a great community in the San Antonio market.”
BVPG’s key values – tenant focused and people powered – will be valuable when working with the more than 100 various tenants at The RIM. This mixed use/lifestyle center also offers the opportunity to create value through future densification.
About Big V Property Group: Big V Property Group owns and operates 49 neighborhood and community shopping centers totaling over 9 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 further information, please visit www.bigv.com
About Kimco Realty: Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of March 31, 2021, the company owned interests in 398 U.S. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com.
About Equity Street Capital: Equity Street Capital is a San Diego based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit www.equitystreetcapital.com
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
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
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