The Acquisition of West Clinton Plaza and The Shoppes at Red Mill - November 2006

The Acquisition of West Clinton Plaza and The Shoppes at Red Mill – November 2006

Crimson Capital is pleased to announce the acquisitions of West Clinton Plaza in Ithaca, NY and The Shoppes at Red Mill in Virginia Beach, VA. West Clinton Plaza is a free-standing CVS prototype leased through 2022 where retail sales currently exceed $580 per square foot. The Shoppes at Red Mill is a newly constructed Class “A” shopping center strategically located adjacent to the super-regional Red Mill Commons power center recently voted “Best of the Beach Shopping” for 2006. The combination of these two assets into one investment vehicle allows investors access to both the stability and creditworthiness of CVS and the upside potential of the booming Virginia Beach retail market.

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