October 2015 – Acquisitions Update
IRA Capital is please to announce the recent acquisition of the following properties:
Two value-add retail centers in California
- Food 4 Less Marketplace is a 112,334 SF multi-tenant retail center anchored by Food 4 Less in a strong retail trade area within Moreno Valley, CA.
- The center’s three largest tenants (Food 4 Less, Fitness 19, and O’Reilly’s Auto Parts) have recently made new 10-year lease commitments, which further demonstrates the strength of the center and desirability of the trade area.
- The Shops at Main Street is a well located 50,755 SF multi-tenant retail center located in a rapidly gentrifying submarket of Corona, CA.
- The property provided the opportunity to reposition a well-located retail center that has previously lacked institutional-quality management and leasing teams, and is well positioned to attract new tenants as well as capitalize on the improving surroundings.
IRA Capital is a real estate private equity company focused on creating and maximizing value through the strategic acquisition and management of assets. IRA Capital has acquired over $600 million of commercial real estate throughout the country over the past five years. The principals of IRA Capital have more than six decades of combined real estate experience and have transacted on over $3.5 billion across a range of asset classes and geographic markets, with a proven track record of profitability. IRA Capital is aggressively looking for investment opportunities.
Please Submit all opportunities for consideration to: acquisitions@iraCapital.com
Amer F. Kasm Samir M. Patel Jay H. Gangwal Mohannad S. Malas (949)258-7402 (949)258-7403 (949)258-7404 (949)258-7412 akasm@iraCapital.com spatel@iraCapital.com jgangwal@iraCapital.com mmalas@iraCapital.com
5000 Birch St, West Tower, Suite 6000, Newport Beach, CA 92660 | T (949) 258-7400 | F (949) 861-6554 | www.iraCapital.com