Investments

EDGEWATER MARKETPLACE
EDGEWATER, NJ 07020

Details
  • Capstone acquired a 3 complex ground leases with a Trader Joe’s anchored 89,000 SF retail center from a private seller.
  • Capstone implemented a cost reduction program and a $2.0M capital improvement and leasing program and occupancy increased to 100% from 72% in less than 24 months.
  • Capstone successfully executed a 120% cash out refinance 30 months after purchase.

PLAZA 44
POUGHKEEPSIE, NY 12542

Details
  • Capstone acquired a 168,000 SF Stop & Shop grocery anchored shopping center from a publicly traded REIT.
  • Capstone sourced favorable long-term financing from an institutional lender and implemented a $1.5M capital improvement program.
  • The center was rebranded and the tenant mix was shifted to provide more restaurants and personal services.

BOARDMAN PLAZA
BOARDMAN, OHIO 44511

Details
  • Capstone acquired a $27M note secured by a 550,000 SF of big box retail located in Boardman, Ohio.
  • Capstone recapitalized the center, secured new 1st mortgage financing and implemented a $3.0M capital improvement program.
  • The center’s signage, parking lots, roofs and facades are currently being upgraded.

CARLISLE CROSSING
CARLISLE, PA 17013

Details
  • Capstone acquired a $25M note secured by a mortgage on a 154,000 square foot destination retail center.
  • A deed was obtained through judicial foreclosure.
  • The property was sold 30 months after it was acquired for a substantial profit.

COLUMBIA PLAZA
ALBANY, NY 12601

Details
  • Capstone acquired a $12.5M note secured by a 138,000 SF grocery anchored retail center anchored by Price Chopper and Peebles.
  • Capstone recapitalized the center, implemented a $2.0M capital improvement program and increased occupancy to 90% from 70%.
  • The property was sold in 2016 generating over a 30% ROI for investors.