IRA Capital Sells Lowe’s Portfolio for $81.5M
March 29, 2015 – IRA Capital announced today that it recently closed their largest sale to date, which was the sale of an $81,500,000 portfolio of 4 Lowe’s Home Improvement stores. Lowe’s Home Improvement is a leading home retailer and is generally regarded as one of the top performers in their sector. The sale encompassed a total of 523,735 square feet of quality retail space and 84.27 acres of land across Georgia in the cities of Alpharetta, Lilburn, Woodstock and Marietta, respectively.
IRA Capital is a privately-held real estate investment and management company with a diverse portfolio of commercial real estate holdings throughout the United States. IRA acquires core, core-plus, and value-added real estate for its own account and on behalf of its partners, which include high net-worth individuals, family offices, opportunity funds, and institutions. IRA’s principles have built a strong track record in executing more than $3 Billion in transactions across all product types. IRA’s affiliate company, Dana Investments, has been acquiring value-add opportunities across all product types throughout the country since 1985. IRA Capital is headquartered in Irvine, California. Additional information can be found at www.iraCapital.com.