LBX Investments

Colony Plaza


Status: Active (Acquired on 2/15/2019)

Colony Photo.jpg


Colony Plaza is a Class B, 216,693 square foot grocery-anchored shopping center in South Augusta, GA

Key Attributes:
  • Strong credit at anchors (Food Lion and Sitel) with significant remaining lease term
  • Acquired at approximately 50% of replacement cost
  • Three potential outparcel monetization opportunities

  • Status:
  • Targeted Holding Period: 7 Years
  • Total Required Equity: ~$3,840,000
  • Targeted Annual Avg. Cash-on-Cash Returns to LPs: 18.4%
  • Projected IRR to LPs: 22.1%
  • Target Equity Multiple: 3.02x
  • Status: Active