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RVI Announces Sale of Newnan Crossing – Shopping Center Parcel

BEACHWOOD, Ohio--(BUSINESS WIRE)--On January 15, 2020, Retail Value Inc. (NYSE:RVI) closed on the sale of the shopping center parcel of Newnan Crossing (Newnan, GA), which excludes the Lowe’s component, for $11.6 million. Net proceeds were used to repay mortgage debt associated with RVI.