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Warwick, R.I. and Arlington Heights, Ill. — A joint venture between Dallas-based Encore Enterprises Inc. and AmCap Management Holdings LLC, a subsidiary of Stanford, Connecticut-based AmCap Management LLC, has acquired two grocery-anchored shopping centers in Rhode Island and Illinois totaling 428,928 square feet. The properties are Cowesett Corners in the Providence suburb of Warwick and Northpoint Center in the Chicago suburb of Arlington Heights.
Cowesett Corners is anchored by Stop & Shop and totals 152,595 square feet. Additional tenants at the center include PetCo, Five Below and Oak Street Health. The second property, Northpoint Center, comprises 276,333 square feet and is anchored by Jewel-Osco.