Linway Capital Partners Makes Inaugural Acquisition of
Sleep Number Plaza in Easton, MD

GREAT FALLS, VA — Linway Capital Partners (“LCP”) is pleased to announce that it has acquired Sleep Number Plaza, a 9,165 square foot multi-tenant credit anchored strip center located in Easton, Maryland.

This center is located at the main retail intersection of Easton, MD, on the Eastern Shore and is centrally positioned at the “Gateway to St. Michael’s,” one of the leading trade areas for St. Michael’s, MD. The center boasts excellent access, visibility, and tenant mix with long-term leases. The asset was acquired with low leverage, long-term debt in partnership with Chain Bridge Bank N.A. The deal was identified off market and facilitated by Vito Lupo at KLNB.

LCP’s Principal Drew Briscoe stated, “We are pleased to introduce LCP with its first of several multi-tenant retail acquisitions planned in Louisiana, Colorado, Tennessee, and Georgia. This center is a stable investment with corporate tenancy, long-term net leases, and minimal capital improvement costs. The acquisition fits perfectly within our goal to take advantage of the public misperception of commercial retail by capitalizing on neighborhood-oriented, service-first, and internet-resistant assets. We are excited to focus on and invest in first-class strip centers across the country for the long term.”

LCP intends to focus on service-oriented and internet resistance convenience retail in growing secondary markets and college towns with plans to add at least ten assets a year. With a fresh perspective on retail CRE, the company strives for success by identifying properties with good access, visibility, and demographics that have a symbiotic relationship with online services and a tenant mix that performed well throughout the pandemic.

6/17/2022