Linway Capital Partners Expands Into West Virginia
with the Acquisition of Rainelle Plaza

GREAT FALLS, VA — Linway Capital Partners (“LCP”) is pleased to announce that it has acquired Rainelle Plaza, a 30,171 square foot multi-tenant credit anchored strip center located in Rainelle, WV. The center is located on the main retail thoroughfare of Rainelle and is positioned near the Greenbrier Hotel and other outdoor recreation destinations. The center boasts a mix of long-term credit tenants and medical users. The asset was acquired with low leverage, long-term debt in partnership with Chain Bridge Bank N.A. The deal was identified and facilitated by Vito Lupo at KLNB.

LCP’s Principal Drew Briscoe stated, “We are pleased to grow the Linway partnership with another necessity and service-oriented retail asset. Rainelle presents additional value add opportunities through lease up and outparcel development.”

LCP plans to continue its shopping center portfolio growth with at least one additional acquisition this 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.

11/15/2022