(Read more on the industrial market.)
DENVER-Baceline Investments has bolstered its portfolio withthree new assets. The locally based LLC says it invested a total of$44 million in cash and debt to acquire retail properties inHouston and Peoria, IL, and an industrial complex in Dallas.
The largest of the trio was Northwest Village, a 195,351-sfretail property near the confluence of US Highway 290 and JonesRoad, 20 miles northwest of Houston's CBD. The property includesone primary building totaling 171,000 sf (net rentable) that houses36 storefronts and two smaller outparcel buildings totaling 24,000sf (net rentable). Baceline paid $22 million for the asset.
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