Categorized | Business news, Northeast Mississippi, Real estate, Retail News, Tupelo

The Shops at Barnes Crossing in Tupelo gets new look

If you haven’t noticed, The  Shops at Barnes Crossing has gotten a new look.

The old paint scheme at The Shops at Barnes Crossing.

The old paint scheme at The Shops at Barnes Crossing.

The retail center is located behind Logan’s Roadhouse on North Gloster Street in Tupelo.

Gone is the, well, I’m not sure how to describe the old colors of it– but it’s been replaced with browns and white for a more neutral look.

The Shops at Barnes Crossing – which originally  was The Shoppes at Barnes Crossing (notice the spelling) is home to Bed Bath and Beyond, Dollar Tree, David’s Bridal, Men’s Wearhouse and Margarita’s.

Several other restaurants have tried to make it over the years in the center, but have failed: Quizno’s, Southern Ice Cafe and Salad Creations.

The new paint job. Much better. So

The new paint job. Much better. So

It opened in 2005 and has changed hands a few times.

The current  owner is RCG Ventures, which bought the retail center in October 2011.

RCG Ventures, according to its website, “is a privately funded real estate investment group that acquires and develops commercial real estate in the Continental United States. The company’s primary focus is value-add anchored shopping centers with the potential for long-term ownership.  In addition, the company selectively enters into joint ventures with institutional partners.

Founded in November of 2003, RCG has steadily grown its portfolio through direct investment.  It is the combination of significant capital resources and operational expertise that gives RCG a competitive advantage in the industry.  Over the past ten years, RCG has acquired a total of 85 properties in 21 states, representing total Invested Capital of approximately $500 million.

In 2012, RCG was named the 43rd largest retail owner in the United States. RCG’s most recent fund raise was completed in September 2013, and will allow RCG to acquire approximately $500 million of assets over the next several years.

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