FORT WORTH, Texas, March 3, 2014 (GLOBE NEWSWIRE) -- Capital Square Realty Advisors, LLC announced today that their Delaware Statutory Trust investment offering, comprised of an approximately 44,000-square-foot retail facility occupied by 24 Hour Fitness in the Fort Worth suburb of Keller, Texas, has been fully subscribed by investors.
"This facility is 100 percent leased on a long-term basis to 24 Hour Fitness USA Inc., one of the world's largest privately owned and operated fitness center chains," said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.
Located at 5901 Golden Triangle Blvd., the property benefits from a high traffic count with nearly 200,000 people living within a 5-mile radius, as well as its convenient location off Interstate 377. The facility features 239 parking spaces, and is close to numerous national retailers, including Albertsons, Walgreens and Kohl's. The fitness center includes a full-size basketball court, group exercise facilities, an indoor lap pool, whirlpool, racquetball court, sauna and more.
"We are pleased to have fully subscribed this DST investment offering and look forward to providing investors with the opportunity to benefit from the ownership of investment-grade real estate," said Rogers.
About Capital Square Realty Advisors LLC
Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DST, tenant-in-common, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts. Rogers is also the founder and CEO of Rogers Realty Advisors LLC, which provides investment banking services with an emphasis on sourcing preferred equity, mezzanine financing and other debt estate investment trusts. Capital Square's DST interests are sold by independent broker-dealers and registered investment advisors across the nation. Property and asset management services are provided by affiliate, Capital Square Management, LLC.