10 Federal Launches Retail Expansion with Eric Lane Shopping Center Acquisition
10 Federal Launches Retail Expansion with Eric Lane Shopping Center Acquisition
PR Newswire
RALEIGH, N.C., Sept. 2, 2026
RALEIGH, N.C., Sept. 2, 2026 /PRNewswire/ -- 10 Federal, a technology-driven real estate owner and operator, announces the acquisition of Eric Lane Shopping Center in Burlington, North Carolina. The acquisition marks the company's entry into the retail sector as it begins applying the data-driven capabilities developed through its self-storage platform to adjacent areas of commercial real estate.
"This strategy is highly complementary to our business, and we see it becoming an important growth engine for 10 Federal," said Ian Levin, Vice President of Investments at 10 Federal. "It allows us to apply the experience we've gained over the past 15 years to a complementary asset class while pursuing opportunities that fit naturally within our business."
Eric Lane Shopping Center comprises approximately 219,850 square feet on nearly 25 acres at the I-40/I-85 interchange in Burlington.
Although the acquisition represents a new phase of 10 Federal's growth, the firm has experience acquiring retail shopping centers dating back to its inception. The company expects to continue raising capital and pursuing opportunities in retail and other adjacent sectors over the coming year.
Investors interested in learning more about future investment opportunities are encouraged to contact Ian Levin, Vice President of Investments, at ilevin@10federal.com.
About 10 Federal
10 Federal is a leading innovator in the self-storage industry, managing over 133 properties across 16 states. As one of the largest owners and operators of fully automated self-storage facilities in the country, the company harnesses advanced technology, artificial intelligence, and data analytics to deliver superior risk-adjusted returns. Recognized as an Inc. 5000 Fastest Growing Company in America, an Inside Self-Storage (ISS) Top 100 Operator, a Top Performing Real Estate Fund by Preqin, and a Top Fundraiser by Juniper Square, 10 Federal has built an automated management platform that redefines operational efficiency in the modern self-storage industry. For more information, visit www.10fed.com.
SOURCE 10 Federal
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