Tuesday, July 7, 2015

Capital Square Realty Advisors Acquires Three Grocery Anchored Shopping Centers in North Carolina and South Carolina

  
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.
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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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