 |
| Louis Rogers |
RICHMOND, VA (July 7,
2015) – Capital Square Realty Advisors, LLC announced today it has acquired
three shopping centers anchored by Food Lion, a leading Southeastern and
Mid-Atlantic supermarket retailer, in North Carolina and South Carolina.
“Each of these retail centers is located in a
growing market with a population that has strong recognition of the Food Lion
brand,” said Louis Rogers, founder
and chief executive officer of Capital Square Realty Advisors.
“The supermarket retailer
leases the anchor space of each property through long-term, triple net leases.
We are thrilled to add strong retail properties like these to our growing real
estate portfolio.”
The portfolio,
approximately 98 percent leased at the time of acquisition, includes:
· West Point Village, a
48,246-square-foot shopping center located at 433 North Carolina Highway 49
South in Asheboro, N.C.;
· College Lakes, a 43,041-square-foot
shopping center located at 929 McArthur Road in Fayetteville, N.C.; and
· Kris Krossing, a 49,800-square-foot
shopping center located at 3320 4th Ave. in Conway, S.C.
.
Capital Square was
represented in the acquisition by Tim
Marshall of TM1031 Exchange Inc.
For a complete copy of the company’s news release,
please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
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