Linway Capital Partners Makes Acquisition of
Riverside Shopping Center in St Paul, VA

GREAT FALLS, VA — Linway Capital Partners (“LCP”) is pleased to announce that it has acquired Riverside Shopping Center, a 50,368 square foot multi-tenant credit anchored strip center located in St Paul, VA. The property is anchored by regional credit operators: Roses, VABC and Ballard Health. The property includes an outparcel with the 24-hour Southern staple, Huddle House. Riverside Shopping Center has great access and visibility on the most trafficked road in the surrounding area. The asset was acquired with low leverage, long-term debt in partnership with Carter Bank and Trust. 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, the 4th in a strategy to acquire small cap shopping center investments.”

LCP plans to continue its shopping center portfolio growth with at least three additional acquisitions 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.

7/5/2023