- Capstone acquired three separate ground leases comprised of an 88,461 SF shopping center located at 715 & 725 River Road, Edgewater, NJ.
- The property is anchored by Trader Joe’s and has a diverse mix of retail tenants
- Occupancy was 84% at the time of acquisition; Capstone increased the occupancy to 100% within 3.5 years.
|Property Size||90,000 SF|
|Investment Status||Long Term Hold|
|Forecast Deal IRR||37.8%|
|Forecast Deal EM||4.45X|