LBX Investments

North Rivers Towne Center

NORTH RIVERS TOWNE CENTER

Status: Active (Acquired on 6/28/2019)

 
Site Plan - North Rivers.jpg

NORTH RIVERS TOWNE CENTER

North Rivers Towne Center is a Class B, 141,463 square foot Target shadow-anchored power center in North Charleston, SC

Key Attributes:
  • Has strong Target (shadow) and Ross anchor co-tenancy
  • Based in the commercial hub of North Charleston, which is characterized by a robust daytime population, significant traffic counts and growing demographics, with numerous large employers (including Boeing, Volvo, Mercedes Benz, Charleston International Airport, etc.), a technical college, and a hospital nearby
  • Opportunities to reduce basis by selling multi-tenant outparcels in the front of the center


  • Status:
  • Targeted Holding Period: 6 Years
  • Total Required Equity: $7,710,000
  • Targeted Annual Avg. Cash-on-Cash Returns to LPs: 10.1% (from operations)
  • Projected IRR to LPs: 18.0 %
  • Target Equity Multiple: 1.68x
  • Status: Active
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