Cleeman Realty Group is pleased to announce the successful sale of Summer Grove Shopping Center in Shreveport, LA. Anchored by Ollie’s Bargain Outlet, the property generates 88% of its revenue from national tenants, including Dollar Tree, Aaron’s, Hibbett Sports, It’s Fashion, and Cato.
Aaron’s recently signed a new 10-year lease for 25,000 square feet, demonstrating strong leasing momentum at the center. Additionally, the property offers upside potential through the lease-up of approximately 6,500 square feet of vacant retail space.
Strategically located on Mansfield Road, one of Shreveport’s most highly trafficked corridors, the center benefits from excellent visibility and exposure to over 32,000 vehicles per day.
Michael Cleeman and Jeremy Scheer of Cleeman Realty Group represented the buyer, while Bill Sale of Sale Commercial Properties represented the seller in the transaction.
“The buyer recognized the strength of the tenant mix and the long-term potential of this center,” said Scheer. “This investment enhances their portfolio with a well-located center that offers both stability and future upside.”
For more information about Cleeman Realty Group and its services, please visit www.cleeman.com.