May 6, 2026
Continental Realty Corporation Acquires 14-Property Shopping Center Portfolio Across Southeast And Midwest
BALTIMORE, MD (May 6, 2026) – Continental Realty Corporation (CRC) has completed an off-market acquisition of a 14-property retail portfolio spanning seven states and encompassing more than two million square feet of retail space from US Properties Group. The acquisition includes a mix of well-located retail assets supported by strong market fundamentals and consistent in-place performance. With this acquisition, the company expands its national shopping center portfolio to over 10.5 million square feet and increases its AUM (assets under management) to nearly $5 billion. The off-market transaction broadens the privately held company’s national footprint to 16 states, supported by team members located across the United States. CBRE’s Chris Decoufle and Kevin Hurley represented the seller in this transaction.
The centers are 93 percent leased and include more than 230 tenants across Georgia, Illinois, Tennessee, Ohio, North Carolina, South Carolina, and Virginia. According to CoStar Group, the transaction is the third largest portfolio acquisition of the year. The portfolio is anchored by major retailers including Kroger, Hobby Lobby, Ross Dress for Less, Five Below, Harbor Freight Tools, Academy Sports, Belk, and Bob’s Discount Furniture, and is located in markets with an average retail occupancy of 97 percent. High traffic volumes, favorable demographics, and below-market in-place rents, provide a foundation for continued performance and long-term value creation across the portfolio.
“Transactions of this scale are a direct reflection of the strength of our team to smoothly transact, which has led to us being one of the buyers of choice in today’s market. We continue to use our data-driven approach to identify high-quality, value-add opportunities in established retail markets,” stated JM Schapiro, CEO of Continental Realty Corporation. “This portfolio includes a number of well-performing assets with strong foot traffic and established tenancy, which we believe position the investment for continued stability and long-term performance,” Schapiro added. “The transaction aligns perfectly with our overall investment strategy to invest in dominant centers featuring stable and internet-resistant tenant rosters, in areas with high barriers to entry and strong value-add potential.”
Investments in High-Growth Secondary Markets
Notable assets within the portfolio include Streets of Indian Lake, a lifestyle center located in the high growth Nashville, Tennessee market, featuring a mix of national retailers and strong foot traffic supported by high-income demographics and limited new retail supply. The center is shadow-anchored by Regal Cinemas, which ranks in the 80th percentile in Tennessee and 85th nationally for movie theater visitation. The portfolio also includes four assets in Ohio, representing CRC’s entry into the state and comprising approximately 435,000 square feet of space, including Delaware Community Plaza, a Kroger grocery-anchored center located in a high-income trade area. The center has recorded approximately 3.3 million annual visits and ranks in the top 75th percentile for community centers statewide and nationally. Delaware County, part of the Columbus metropolitan area, has experienced strong population growth, increasing by 12.54% over the past five years and the Columbus market added more than 21,000 residents in 2025 alone, driven by a strong labor market and relative affordability. “Rising cost of living is driving more migration into secondary markets, increasing demand for necessity-based retail in these areas,” said Josh Dinstein, CRC’s Co-Chief Investment Officer. “These trends are creating opportunities beyond primary MSA’s where affordability and population growth will support long-term demand. Each asset is well positioned and aligns with our strategy of targeting strong submarkets with resilient retail fundamentals. This off-market transaction showcases the depth of our industry relationships and highlights our team’s ability to absorb a complex multi-state portfolio in an efficient manner.”
Shopping center roster
- Bechtle Crossing – 223,000 square feet – Springfield, Ohio
- Cherry Hill Plaza – 36,000 square feet – Galax, Virginia
- Collinsville Plaza – 29,000 square feet – Collinsville, Illinois
- Cross Creek Plaza – 245,000 square feet – Beaufort, South Carolina
- Cypress Bay Plaza – 280,000 square feet – Morehead City, North Carolina
- Delaware Community Plaza – 148,000 square feet – Delaware, Ohio
- Franklin Square – 142,000 square feet – Spartanburg, Georgia
- Marion Towne Center – 84,000 square feet – Marion, South Carolina
- Mount Vernon Plaza – 52,000 square feet – Mount Vernon, Ohio
- Shoppes at Morrow Station – 485,000 square feet – Morrow, Georgia
- The Streets of Indian Lake – 300,000 square feet – Hendersonville, Tennessee
- Springfield Small Shops – 12,000 square feet – Springfield, Ohio
- Suwanee Crossroads Shopping Center – 72,000 square feet – Suwanee, Georgia
- Walterboro Plaza – 134,000 square feet – Walterboro, South Carolina
Founded in 1960, Continental Realty Corporation is a vertically integrated, privately held commercial real estate and investment company specializing in the acquisition and operation of retail and multifamily properties. CRC owns and manages a diversified, national portfolio of more than 10 million square feet of retail space and over 10,000 apartment homes across 16 states, with a total value of approximately $5 billion. Guided by a commitment to excellence and long-term value creation, CRC combines market insight, disciplined investment strategies, and a people-first approach to deliver exceptional results for investors, residents, and communities.
For additional information, visit www.crcrealty.com.
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