Chase Properties acquired a retail portfolio consisting of 514,983 square feet, which includes four retail centers located in Lufkin and Killeen, Texas, as well as Hot Springs and Fort Smith, Arkansas. The acquisition represents Chase Properties' initial foray into retail in both states, featuring national tenants such as Ross, Kroger, and Hobby Lobby.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Square Footage: 514,983 SF
• Address: Retail Portfolio
• Market: Lufkin & Killeen, TX; Hot Springs & Fort Smith, AR
• Buyer: Andy Kline
• Company: Chase Properties

Andy Kline was the buyer representing Chase Properties in this transaction. The acquisition aligns with the company's growth strategy focused on expanding its portfolio in stable secondary and tertiary markets.