IRA Capital Acquires Burlington Coat Factory near South Coast Plaza
IRA Capital is pleased to announce the recent acquisition of Burlington Stores, a 58,000 SF single tenant retail property near South Coast Plaza.The property is fully leased to Burlington Stores, Inc. (NYSE: BURL), a $4.2 billion company with 28,000 employees and 523 locations. Strategically located on the Bristol retail corridor in close proximity to South Coast Plaza which attracts over 22 million visitors and $1.5 billion in sales annually. The property is located in a dense and growing trade area with over 665,000 people residing within 5 miles of the location. Traffic counts on Bristol & Segerstrom are in excess of 75,000 per day.Store sales at this location have been trending upwards over the past few years.IRA Capital is a real estate private equity company focused on creating and maximizing value through the strategic acquisition and management of assets. IRA Capital has acquired approximately $600 million of commercial real estate throughout the country over the past four years. The principals of IRA Capital have more than six decades of combined real estate experience and have transacted on over $3.5 billion across a range of asset classes and geographic markets, with a proven track record of profitability. IRA Capital is aggressively looking for investment opportunities.
Please submit all opportunities for consideration to: acquisitions@iraCapital.com
Amer F. Kasm Samir M. Patel Jay H. Gangwal Mohannad S. Malas
(949)258-7402 (949)258-7403 (949)258-7404 (949)258-7412
akasm@iraCapital.com spatel@iraCapital.com jgangwal@iraCapital.com mmalas@iraCapital.com