RVI Announces Sale of Lowe’s - Newnan Crossing
July 27 2020 - 5:00PM
Business Wire
On July 27, 2020, Retail Value Inc. (NYSE:RVI) closed on the
sale of the Lowe’s at Newnan Crossing (Newnan, GA) for $15.6
million. The shopping center parcel of Newnan Crossing was
previously sold. Ninety percent (90%) of net proceeds were used to
repay mortgage debt with the remaining proceeds retained as
cash.
Subsequent to the transaction, RVI owns interests in 12
properties located in the continental U.S. and 12 properties in
Puerto Rico.
About RVI
RVI is an independent publicly traded company trading under the
ticker symbol “RVI” on the New York Stock Exchange. RVI holds
assets in the continental U.S. and Puerto Rico and is managed by
one or more subsidiaries of SITE Centers Corp. (formerly known as
DDR Corp.). RVI focuses on realizing value in its business through
operations and sales of its assets. Additional information about
RVI is available at www.retailvalueinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200727005793/en/
Christa Vesy, EVP and Chief Financial Officer 216-755-5500
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