“This property perfectly aligns with our strategic vision of acquiring well-positioned assets with untapped potential,” he said. “We are thrilled to enhance the center in the years to come, attracting more traffic for our existing tenants and ensuring long-term success for the property.”
Anchor purchased the Town and Country Shopping Center because of their relationship with national tenants, said Ryan Romes, Anchor’s director of Acquisitions, who added the center has “great traffic counts” and has “solid fundamentals.” The west side shopping center is anchored by Bargain Hunt, AutoZone, and Gold Star Chili.
This is the most recent investment into a city of Hamilton property, which officials are “excited to see new investment in the community and appreciate a new owner seeing the potential we see in Hamilton,” said Stacey Dietrich Dudas, Hamilton Economic Development assistant director. “A refresh of a retail center is always exciting and shows a commitment to the current and future tenants.”
Lacher told the Journal-News said the city of Hamilton helped sell them on the deal, saying, “the attractiveness of Hamilton as a place to invest capital over the long term. We believe the community will continue to grow.”
One of Anchor Investment’s current shopping center projects is in Madison, Tenn. and they own shopping centers in nine states. Town and Country Shopping Center will be the company’s third in Ohio.
Lacher said they plan to begin improvements in the next month or two, and they will focus on improving the parking lot and building enhancements.
Anchor Investments is also committed to the community, according to Lacher. They have their Anchor Gives Back initiative, which fosters community support and investing in local non-profits making an impact. In 2022, they supported more than 100 non-profit organizations.
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