Sand Capital, a privately-held real estate investment company controlled by the principals of Sandor Development Company, has acquired 35 properties in the last month, with a pending large power center acquisition underway. Sand Capital is the financial arm and sister company to Sandor Development Company, which was founded in 1963 in Indianapolis, Indiana by Sidney Eskenazi. Today, Sandor owns and manages more than 8MSF of shopping centers in 25 states throughout the United States. Once acquired, Sand Capital assets are managed and leased by Sandor.
Last month, Sand Capital acquired multiple CVS stores in Arizona, Iowa, Illinois, Louisiana, Michigan, Mississippi, North Carolina (a new state to the portfolio), Nevada, Ohio, Oklahoma, Texas and Virginia. It also acquired four strip centers in Georgia, one in Tennessee and one in Texas. Three more centers are scheduled to close in August – one in Arizona, one in Illinois, and one in Ohio.
