RCG Purchases Two Centers and Sells Two Centers

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RCG Purchases Two Centers and Sells Two Centers

Acquisition of Shoppes at Kenwood

RCG Ventures Fund III is pleased to announce the acquisition of the Shoppes at Kenwood, a 119,763-square foot grocery anchored center, located in Cincinnati’s premier retail trade area. The center offers a strong, diverse tenant roster including GFS Marketplace, McAlister’s Deli, Buffalo Wild Wings, Sherwin Williams, and Cincinnati Children’s Hospital among others. The seller was represented by CBRE and RCG was represented in-house by Matt Klump.

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Acquisition of Peachtree Shopping Center

RCG Ventures Fund III is pleased to announce the acquisition of the Peachtree Shopping Center in Greer, South Carolina. The 55,818-square foot shopping center is located in the Greenville/Spartanburg MSA. The center  is in proximate location to national retailers such as Kohl’s, Lowe’s, Home Depot, Hobby Lobby, and Walmart Neighborhood Market. The seller was represented by Matthew Covington of Broadstreet Partners and RCG was represented in-house by Matt Klump

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Disposition of Northwoods Marketplace

RCG Ventures Fund II is pleased to announce the sale of Northwoods Marketplace located in North Charleston, South Carolina, directly across from the Northwoods Mall. The 231,935-square foot shopping center is anchored by top national anchors including Best Buy, PetSmart, DXL and Barnes and Noble, and is shadow-anchored by Rooms To Go. RCG was represented by CBRE.

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Disposition of 59 West

RCG Ventures Fund II is pleased to announce the sale of 59 West located in Bessemer (Birmingham MSA), Alabama. The 38,900-square foot Burke’s anchored shopping center benefited from cross access to the Wal-Mart Supercenter. The adjacent shopping center is occupied by Aldi, Dollar Tree, and Big Lots. RCG was represented by Dan Cooper of Cooper Commercial Investment Group.

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