Crimson Capital LLC is pleased to announce the acquisition of New Market Square, a 40,125 square foot Class “A” grocer-anchored shopping center located in Richmond, VA. The property is 100% occupied and is highlighted by a long-term lease with Food Lion, a recent five-year lease extension by Movie Gallery, strong population growth, and significant residential construction within a five mile radius. This historically well performing center will provide investors with consistent monthly income, increased equity through loan amortization, and favorable income tax benefits through component depreciation. New Market Square meets the strict buying criteria of Crimson Capital, which is dedicated to acquisitions that insulate investors from the future risks of rising interest and capitalization rates.
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