Retail Value Inc. has closed on the sale of the Lowe’s at Newnan Crossing, in Newnan, Georgia, for $15.6 million. The shopping center parcel of Newnan Crossing was previously sold.
Ninety percent 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.
