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Retail Value Inc. closed on the sale of the shopping center parcel of Newnan Crossing in Newnan, Gerogia, which excludes the Lowe’s component, for $11.6 million.

Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction, Beachwood-based RVI owns interests in 16 properties located in the continental U.S. and 12 properties in Puerto Rico.