Core Coosa Town Center LLC has acquired Coosa Town center located in Gadsden, AL.  The 105,000 square foot shopping center is anchored by TJ Maxx, Old Navy, Petco, and Walmart..  The property sits on the busiest retail corridor within the Gadsden market.

“Coosa is one of our more opportunistic purchases.  We were able to leverage a relationship with the existing lender and assume debt significantly more favorable than current market conditions. Due to the leverage, the return profile is very robust.” – Drew Angel, Managing Partner

Coosa Town Center is surrounded by national retailers including, Walmart, Hobby Lobby, Ross, and Five Below.

“We love the tenants and price per pound of the deal, which traded at a 50% discount to replacement cost.  The basis insures we can delivery reasonable rental rates to tenants for the foreseeable future. ” – Robert Erlich, Managing Partner