Crimson Capital is pleased to announce the successful purchase and sale of an asset in Morrow, Georgia. The 15,000-square-foot building located in front of a 220,000-square-foot power center was owned and operated by a jewelry store which filed for bankruptcy in 2009. Subsequently, the Lender took title to the Property. After a comprehensive site visit and months of negotiation, Crimson Capital agreed to purchase the Property from the Lender while simultaneously negotiating the sale of the Property to a preferred developer of a retail dollar concept. Crimson Capital purchased the Property on December 30, 2010 and correspondingly sold the Property on January 4, 2011 for a net investor return of 19.6%.
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