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TRC Blog

August 02 , 2011

The Retail Connection and Invesco Acquire Shackleford Crossings

The Retail Connection and Invesco Acquire Shackleford Crossings

By Daniel Fuller The Retail Connection and Invesco Real Estate teamed up and bought Shackleford Crossings shopping center in west Little Rock, one of Little Rock's high profile retail properties, and we are very excited to have acquired this center.  Shackleford Crossings is one of the largest open air shopping centers in the state of Arkansas. The well-designed center with its attractive architectural features including decorative stone and lush landscaping also provides ample parking for the variety of retail stores it offers. With its great demographics, superior access, and our ability to add even more attractive tenants to its current mix, we expect this shopping center to become a gem in the overall retail scene of Little Rock, and we look forward to being a part of that.  Shadow-anchored by a new 187,000 square foot Wal-Mart Super Center and a new 104,000 square foot JC Penney, the varied and complementary tenant mix at Shackleford Crossings combines general and specialty retailers such as Babies R Us, Gordmans, Havertys, Edwin Watts, Rack Room, Maurice’s, Rue 21, Verizon, Blue Cross Blue Shield and AT&T. Little Rock has been one of the most resilient local major metro areas in the country in recent years, and ranks at or near the top of all U.S. metros for pro-business environments and employments. As a result, the local retail sector continues to be a stable force in the commercial real estate marketplace in Little Rock, which is one of the main reasons we had significant interest.  With exceptional access and close proximity to the University of Arkansas, the Clinton Presidential Center & Park, and the Little Rock National Airport, the center boasts a large daytime population. Additional restaurants, big box users, and small shops are part of the merchandising and leasing strategy the two companies have envisioned to complete the inline shops and peripheral land sites. 
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