
Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
644,332 sf
Jones Lang LaSalle America Inc. (“JLL”), as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire The Shoppes at Gateway (the “Property”) a 698,293 square foot regional retail center in Springfield, Oregon. The Property serves an expansive trade area and is the first-choice location for National tenants. Following the completion of a transformative $42 million capital program in 2015 and an additional $11 million attributed to an ongoing Phase 2 repositioning, the asset has been completely reimagined. The Property is currently 81.4% leased to a host of national retailers including: Walmart Neighborhood Market, Ross Dress for Less, Marshalls, Hobby Lobby, Bass Pro Shop, Ashley Furniture, Petco, Raising Cane’s, and Cinemark. The center’s exceptional foot traffic is bolstered by a top performing Target as a shadow anchor. The Shoppes at Gateway presents Investors with a repositioned asset containing diversified cashflows from a wellcurated tenant roster. The Property offers the rare opportunity to own and control ±59 acres of infill real estate with over 2,600 linear feet of frontage along Interstate 5 (I-5) which see 146,000 VPD.