Combined Properties Announces California Acquisition

Combined Properties, Incorporated recently completed its first reverse Like-Kind-Exchange with the sale of Bladen Plaza, located in Bladensburg, Maryland, and the acquisition of Lincoln / Rose Shopping Center located in Venice, California. 

Lincoln / Rose Shopping Center is a 75,327 square foot neighborhood center situated at the intersection of Lincoln Boulevard and Rose Avenue.  The shopping center is anchored by Big Lots! and Sav-on, a subsidiary of Albertsons, and also features FootLocker, 99¢ Only, and Super Coin Laundry.  The acquisition offers Combined Properties favorable potential to reposition the dated shopping center, which is in close proximity to Venice Beach, Marina Del Ray and Santa Monica.

Combined Properties, Incorporated is a private company based in Washington, DC and Beverly Hills, CA.  The company currently operates a portfolio of retail shopping centers totaling 4.5 million SF in the Washington, DC and Southern California markets and has eight -(8) new projects in the pipeline from traditional suburban retail centers to urban mixed-use and residential projects.