Retail Centers Portfolio Expands With Town Lane Acquisition

Retail centers portfolio grows as Town Lane acquires ShopOne, entering the grocery-anchored retail market with 27 US shopping centers.

February 13, 2026

Nina Dale

Town Lane acquired ShopOne Centers and its 27 grocery-anchored retail centers across the US.
This marks Town Lane’s first move into the retail sector after previously focusing on office and senior housing assets.
The partnership includes an undisclosed international investor and ShopOne’s CEO as co-investors.
ShopOne’s new ownership intends to grow the retail centers portfolio by targeting value-add opportunities.

Key Takeaways

Deal Signals New Retail Strategy

Town Lane, a real estate investment firm launched in 2024 by former Blackstone executive Tyler Henritze, has entered the retail sector, reports Bisnow. The firm acquired ShopOne Centers and all 27 of its grocery-anchored shopping centers. The deal marks a major expansion beyond Town Lane’s earlier focus on office and senior housing assets.

Town Lane partnered with an international institutional investor and ShopOne CEO Chris Reed to complete the acquisition. The group purchased ShopOne from London-based private investment firm Pantheon. Pantheon had partnered with ShopOne since 2022 to build a national grocery-anchored retail portfolio.

Investor Momentum Builds

ShopOne’s new owners plan to broaden the retail centers portfolio by acquiring additional value-add retail assets across the US. CEO Chris Reed, who remains with the platform and invests in the transaction, emphasized the team’s robust operational and investment skillset as a driver for future expansion. The strategy mirrors other firms raising billions to acquire discounted US office assets, signaling renewed investor appetite for value-add plays across property types.

Pantheon and ShopOne’s previous joint venture targeted over $1B in grocery-anchored retail acquisitions. ShopOne recently acquired properties in North Carolina, Georgia, and Philadelphia. The firm also purchased a 114,000 SF Kroger-anchored center in Houston. These deals underscore ShopOne’s aggressive expansion in the grocery-anchored retail segment. The acquisitions reflect a focused strategy to scale its national footprint.

Why It Matters

The shift into retail centers comes after Town Lane’s inaugural $1.25B funding round in May 2024 and rapid diversification into office and senior housing. This acquisition positions Town Lane as a new player among institutional owners of US grocery-anchored retail. The new platform aims to leverage ShopOne’s existing capabilities while aggressively seeking value-add retail investments nationwide.