Core Coosa Town Center LLC has completed the sale of Coosa Town Center located in Gadsden, AL.  The property was purchased in 2023 as below replacement cost – mark to market value add opportunity.

“Coosa is a good case study in being creative with a business plan.  We recognized during our due diligence process that one of the anchor tenants would most likely vacate during our hold.  We identified that event as a net positive due to the low in place rents.  Our team worked tirelessly prior to the anchor leaving to hammer out a deal with best in class retailer – Burlington.  The enhanced credit and increased cash flows lead to significant appreciation.

It’s another example of our ability to execute despite interest rate movement.  I am proud of everyone on the team for their hard work and professionalism.” – Drew Angel, Managing Partner