Leitbox Storage Partners Affiliate Sells Publix Anchored Asset to DST
January 25, 2022 | Leitbox Storage Partners
Merchants Retail Partners, LLC, (“MRP”), an affiliate of Leitbox Storage Partners, recently sold an asset to a DST sponsor. The Publix anchored property offered at total of 75,340 square feet and was 92% occupied at the time of sale.
“We developed this necessity based retail asset in 2019 as the Huntsville, Alabama market was showing strong growth dynamics. As this growth accelerated, we experienced increasing sales volumes at this center and at 92% occupancy, it was time to harvest the gains from our efforts”, said Bill Leitner, Managing Principal, Merchants Retail Partners, LLC.
MRP Madison was a grocery anchored retail center located in the Madison submarket of Huntsville, Alabama. The center’s anchor, Publix, spanned 54,340 square feet and offered additional retail space of 21,000 square feet.
About Leitbox Storage Partners
Leitbox Storage Partners (“Leitbox”) is a real estate company that develops and acquires self-storage (often with mixed use & retail integration) in primary and secondary markets throughout the United States. In addition to programmatic, greenfield development of vertical self-storage, the founder utilizes his 25+ year history in the retail and mixed-use sectors to identify and acquire retail, big-box conversion opportunities and other storage facilities.
Media Contact
Owen Mulvaney
omulvaney@leitbox.com
