Core Manchester Square LLC has successful sold Manchester Square, located in Columbus, GA. Manchester Square was purchased off market in 2021.
“Manchester Square had some lease roll and credit issues at purchase. We were aggressive in negotiating a buy out with a non credit box tenant prior to their BK and backfilling them with best in class retailer – O’Reilly Auto. The added income substantially boosted NOI and the credit enhancement compressed the disposition cap rate.
It was a really great investment for us and another example of executing on a specific business plan without relying on a hot seller market” – Drew Angel, Managing Partner
