RCG Ventures Acquires Four Shopping Centers in September

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RCG Ventures Acquires Four Shopping Centers in September

RCG Ventures (Fund III) is pleased to announce the acquisition of four shopping centers

 

Edgewood Towne Center

The 85,757 SF Edgewood Towne Center is located in Lansing, Michigan just off I-96, approximately 80 miles northwest of Detroit and 70 miles southeast of Grand Rapids.  The center is anchored by Office Max and Dollar Tree, and is shadow-anchored by Target and Sam’s Club.  The seller was a Public REIT and was represented by Mid America.

Willowdaile Shopping Center

Located in Durham, North Carolina, the 93,217 SF center is strategically positioned at the corner of Guess Road and Horton Road. The property is anchored by Ollie’s Bargain Outlet and Dollar Tree and also features a freestanding Starbuck’s. The seller was a Public REIT and was represented by CBRE’s Charlotte office.

Forest Hills Centre

Forest Hills Centre is located at the epicenter of Wilson, North Carolina’s primary retail corridor. Anchored by Big Lots and Rent-A-Center, the 73,102 SF center is in close proximity to various national retailers including Walmart Supercenter, Lowe’s Home Improvement, Staples, and Target. The seller was a Public REIT and was represented by CBRE’s Charlotte office.

Greenville South

Greenville South is a 125,211 SF, Kroger anchored shopping center located in Greenville, Mississippi. Positioned just south of Highway 82, the center is adjacent to Lowe’s Home Improvement and across the street from Walmart Supercenter. The asset was bought directly from the lender that had previously foreclosed on the asset.

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