BC Wood Properties Buys Three Kroger-Anchored Shopping Centers for $30.4 Million

Lexington, Ky. — BC Wood Properties has purchased three Kroger-anchored shopping centers totaling 290,000 square feet for a combined $30.4 million.

The shopping centers include Merchants Crossing in Jackson, Michigan; Shoppes of Hope Valley in Durham, North Carolina; and Ridgewood Farm in Salem, Virginia. The Lexington-based company purchased the assets from a single seller via BCW Strategic Alliance Fund LP, the company’s second private equity fund.