Completes $4.1 Million Acquisition
Birmingham, Ala. – Sanders Capital Partners, LLC (SCP), a Birmingham-based real estate acquisition and development firm, has recently acquired Champaign Station, a 21,152 square-foot neighborhood retail center located in Champaign, Illinois. The $4.1 million acquisition marks SCP’s entry into Illinois and their continued investment into the broader Midwest market.
Located off of Interstate 74, Champaign Station is home to eight, predominantly retail-medical, tenants including Autism Spectrum Therapies, All About Eyes, and Stanfield Chiropractic.
“Champaign Station is well situated in an ideal retail corridor of an economically diverse city. Many of our retail centers have a large retail-medical component and Champaign is certainly in-line with this strategy,” stated Jackson Stewart, Executive Vice President & General Counsel for SCP.
“Retail-medical has been an important component of our long-term strategy. Being a sister company of The Sanders Trust, with its 30-year track record of nationwide healthcare investments, certainly gives us an advantageous insight into identifying and nurturing great assets,” Stewart added. “We are pleased to continue increasing our exposure to quality Midwest markets. This particular market and tenant mix have proven to be especially durable as well as useful to the community it serves.”
Since its inception more than five years ago, SCP has built its portfolio by strategically acquiring and developing properties in the southeastern and midwestern United States.
About Sanders Capital Partners
Sanders Capital Partners develops and acquires retail centers, office buildings, strategic land and light industrial properties primarily throughout the Southeastern and Midwestern United States. SCP has significant capital and real estate expertise to acquire or develop stabilized income-producing assets. SCP currently owns properties throughout the Southeast and Midwest.
For more information on Sanders Capital Partners, please visit their website at www.sanderscapitalpartners.com.
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