Tuesday, February 28, 2017
RICHMOND, VA – Capital Square 1031 announced three of its Delaware statutory trust offerings, comprising five grocery-anchored shopping centers in North Carolina and South Carolina, and one fitness center in Columbus, Ohio, have been fully subscribed by investors.
Approximately 65 investors subscribed to CSRA Columbus OH Fitness, DST; CSRA Grocery Portfolio I, DST; and CSRA Grocery Portfolio II, DST.
“We are pleased to fully subscribe these three DST offerings, each comprised of retail real estate anchored by a high quality, credit tenant,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Our firm has closed 31 DST offerings since inception, and we look forward to continuing to provide investment grade, tax-advantaged real estate opportunities to investors.”
CSRA Columbus OH Fitness, DST includes a 53,206-square-foot, two-story fitness facility located at 3474 Sawmill Drive in Powell, a suburb of Columbus, Ohio. The building is 100 percent leased on a long-term basis to LA Fitness, the largest health club operator nationwide.
CSRA Grocery Portfolio I is comprised of three shopping centers anchored by Food Lion, a leading Southeastern and Mid-Atlantic supermarket retailer, in North Carolina and South Carolina.
For a complete copy of the company’s news release, please contact:
Spotlight Marketing Communications
949.427.5172, ext. 703
Posted by Alex at 10:36 AM