January 31st, 2024
LEXINGTON, KY. – BC Wood Properties announces the acquisition of Fayette Place Shopping Center, a 116,674 square-foot shopping center located along the heavily trafficked Nicholasville Road retail corridor in Lexington, KY, just miles from BC Wood Properties’ home office.
Fayette Place Shopping Center is home to various tenants such as Ross, Shoe Carnival, Dollar Tree, Half Priced Books and Party City as well as several other national and locally owned businesses.
The acquisition of Fayette Place is intended to enhance the growth of BC Wood Real Estate Fund III, LP, the Company’s third private equity fund. The portfolio encompasses a variety of centers with strong national retail tenants as well as grocery-anchored properties.
“We are excited about acquiring another shopping center in Lexington. We are familiar with the community and confident we will be able to add value to Fayette Place. Our goal is to introduce businesses that help our community grow.” said Brian Wood, Founder and CEO of BC Wood Properties.
BC Wood Properties is a Lexington, Ky. based commercial real estate company that will celebrate its 30th year of business in June 2024. The Company focuses on the acquisition and operation of value-add retail shopping centers. With the addition of Fayette Place, BC Wood Properties now owns and operates 11 shopping centers in the Company’s home state of Kentucky and 22 throughout the Southeast, Midwest and Mid-Atlantic regions.