LBX Investments Completes Evergreen Plaza Acquisition in Chicago
LOS ANGELES, CA, September 23, 2021 – LBX Investments has acquired Evergreen Plaza (“Evergreen”) in Evergreen Park, Illinois (Chicago). Evergreen comprises over 255,000 square feet of Class A retail space and is 94% occupied. It is one of the Chicago Metropolitan Area’s most prominent open-air shopping centers and is anchored by Whole Foods and other category-leading retailers such as TJ Maxx, Petco, Five Below, Ulta and DSW. Evergreen is a redevelopment of the original Evergreen Mall that was built in 1964. More information about the asset is available at https://www.lbxinvestments.com/evergreen.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mispriced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring or financing high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 21 acquisitions and one senior loan comprising approximately $345 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes Ridgeway Trace Acquisition in Memphis
LOS ANGELES, CA, July 26, 2021 – LBX Investments has acquired Ridgeway Trace (“Ridgeway”), a Class A, 168,816 square foot shopping center located in Germantown (Memphis), TN. Ridgeway is 77.9% occupied and anchored by Best Buy and REI. The center is also shadow-anchored by a top-performing Target. More information about the asset is available at https://www.lbxinvestments.com/ridgeway-trace.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mispriced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring or financing high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 19 acquisitions and one senior loan comprising approximately $277 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes East West Loan
LOS ANGELES, CA, February 12, 2021 – LBX Investments has provided a $6.75 million first lien mortgage, secured by an 85,565 SF neighborhood shopping center in suburban Atlanta. The interest-only note has a two-year term with a one-year extension option. This note provides time-sensitive liquidity to an experienced shopping center owner. The loan represents LBX’s first foray into the “rescue capital” space and demonstrates the firm’s ability to provide expedited capital solutions to high quality commercial real estate owners experiencing liquidity constraints. Robert Levy, LBX Managing Partner, said, “Providing this type of capital allows us to leverage our best in class operating infrastructure at LBX at the same time providing our investors with compelling risk adjusted return opportunities. We are very excited about this transaction and look forward to further expanding into this investment category.”
Aztec Group, a one of Florida’s leading commercial real estate firms, represented the owner on the transaction. Brell Tarich, Director at Aztec Group, said, “In spite of Covid-19, the experience of the sponsor and strong local market fundamentals enabled us to solicit numerous attractive loan options. The Sponsor selected LBX Investments as its lender because of their deep institutional retail knowledge that enabled LBX to provide the most attractive terms and close in less than 30 days.”
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring or financing high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 18 acquisitions and one senior loan comprising approximately $240 million in asset value.
About Aztec Group
Aztec Group was established in 1981 to serve the real estate industry as a source of capital and transactional expertise for investors, developers, managers, and entrepreneurial clients. Aztec has executed transactions spanning across the continental United States and various real estate product types including multifamily, retail, hospitality, office, industrial, self-storage, condominiums, for-sale residential, and land. As one of Florida’s leading commercial real estate firms, Aztec is focused on commercial real estate investment and merchant banking. Aztec’s diverse experience and uncommon market knowledge is unique in the industry and provides clients and capital sources with best-in-class execution. The Aztec team’s unique skill set and innovative approach are critical in the structuring and negotiation of the entire capital stack, ranging from equity to preferred equity to bridge, mezzanine and construction financing, as well as permanent loans.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes Summerville Acquisition
LOS ANGELES, CA, August 23, 2019 – LBX Investments has acquired Oakbrook Station (“Oakbrook”), a partially renovated Class A/B, 138,166 square foot grocery-anchored shopping center located in Summerville, SC. Oakbrook is 99% occupied and anchored by a recently developed Lowes Foods on a long-term lease.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 18 acquisitions comprising $232.8 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes Birmingham Acquisition
LOS ANGELES, CA, August 15, 2019 – LBX Investments has acquired Promenade Fultondale, a Class B, 208,568 square foot power center located in Birmingham, AL. Fultondale is 96.5% occupied, shadow-anchored by a Target and anchored by a Ross Dress for Less.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 17 acquisitions comprising $210.6 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes North Charleston Acquisition
LOS ANGELES, CA, June 28, 2019 – LBX Investments has acquired North Rivers Towne Center, a Class B, 141,463 square foot community shopping center located in North Charleston, SC. North Rivers is shadow-anchored by a Target and anchored by a Ross Dress for Less.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 16 acquisitions comprising $187.4 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes Charlotte Acquisition
LOS ANGELES, CA, April 8, 2019 – LBX Investments has acquired Terraces at University Place, a Class B, 65,112 square foot neighborhood shopping center located in Charlotte, NC. Terraces is 96.2% occupied by a well-diversified mix of local and regional retailers.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 16 acquisitions comprising $168.5 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes Suburban Atlanta Acquisition
LOS ANGELES, CA, April 1, 2019 – LBX Investments has acquired Village at Chapel Hill, a 62,719 square foot neighborhood shopping center located in Douglasville, GA, a suburb of Atlanta. At close, LBX sold a 45,000 square foot LA Fitness and retained a 17,719 square foot strip center.
Village at Chapel Hill is shadow-anchored by a 45,000 square foot LA Fitness and an Aldi grocery store.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 15 acquisitions comprising more than $156 million in asset value.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes South Carolina Acquisition
LOS ANGELES, CA, September 24, 2018 – LBX Investments has acquired Harbison Center, a Class B, 187,974 square foot community shopping center located in Columbia, SC.
Harbison Center is anchored by Total Wine, The Tile Shop, Rooms To Go, Crunch Fitness, and David’s Bridal.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
LBX Investments Completes Orlando Acquisition
LOS ANGELES, CA, June 28th, 2018 – LBX Investments has acquired Alafaya Commons, a recently redeveloped Class B, 130,811 square foot neighborhood shopping center located in Orlando, FL. The center is located approximately one mile from the University of Central Florida’s main campus.
Alafaya Commons is anchored by Academy Sports + Outdoors and YouFit.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394
Introducing LBX Investments
LBX Investments Officially Launches in Los Angeles
LOS ANGELES, CA, April 26, 2018 – On behalf of managing partners Robert Levy and Philip Block, we are pleased to announce the launch of LBX Investments. Under this newly formed entity, we will continue to acquire shopping centers in the Southeastern U.S., working in partnership with Post Investment Group, a $700 million+ owner-operator based in Los Angeles.