United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f

East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases. The acquisitions reinforcing the company’s commitment to its essential needs, shopping, and grocery-anchored retail sector assets.

Recent Property Acquisitions

In Davenport, Iowa, United Properties Corp. acquired Village Shopping Center, a 233,100 s/f shopping center located at 902 W. Kimberly Rd., for $23.9 million. Situated on a proven retail corridor, the stabilized, nationally tenanted center is at 91% occupied and anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Five Below and Pet Supplies Plus.

In Mansfield, Ohio, the company acquired Appleseed Center, a 147,254 s/f retail destination located at 1406–1464 Lexington Ave. and 1344 S. Trimble Rd., for $10.5 million. The high-profile center is anchored by Ollie’s Bargain Outlet, Ace Hardware and Dollar Tree, and is shadow-anchored by Kroger Marketplace. The acquisition adds to the United Properties Corp.’s growing Ohio holdings.

These transactions continue United Properties Corp.’s 2026 acquisition momentum, following its most recent $48.2 million investment in four core retail centers spanning New York, Illinois, and Virginia.

• Southern Tier Crossing — Horseheads, NY — 84,000 s/f — $13.50 million

• Bishop Plaza — Chicago, IL — 76,000 s/f — $11.50 million

• Shops at Romeoville — Romeoville, IL — 82,687 s/f — $11.10 million

• Woodford Square — Chesapeake, VA — 85,000 s/f — $12.10 million