Matt Van Slooten Of United Properties Corp Acquires Four Retail Centers For $48.2M

United Properties Corp acquired four retail centers totaling 327,687 square feet located at 1400-1424 West 47th Street, 4626–4644 South Bishop Street, 351-375 South Weber Road, 701 Battlefield Boulevard North, and 1450–1642 Country Road. The transaction was completed for a total amount of $48,200,000 across markets in Chicago & Romeoville, IL; Chesapeake, VA; and Horseheads, NY. The price per square foot amounted to $147, reflecting the firm's continued strategy of expanding its portfolio in community-oriented retail assets within growth markets.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $48,200,000
• Square Footage: 327,687
• Price per Square Foot: $147
• Buyer: Matt Van Slooten - United Properties Corp

As part of this acquisition, United Properties Corp has expanded its portfolio footprint to 22 states, incorporating key properties including Bishop Plaza in Chicago, Shops at Romeoville in suburban Chicago, Woodford Square in Chesapeake, Virginia, and South Tier Crossing in Horseheads, New York. This strategic move showcases the firm's focus on acquiring retail centers aimed at community engagement and market growth.