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Krown Point Capital Doubles Down on Retail
Description
Krown Point Capital, a Connecticut-based real estate firm, is expanding its retail portfolio amid a market resurgence. With a portfolio now topping $500 million, theyve recently acquired properties in Ellington and North Haven. Founder Reggie Kronstadt aims to attract expanding tenants across the Northeast and mid-Atlantic. The retail sector is thriving due to low vacancies and high demand for service spots, making financing easier. Experts attribute this growth to tight supply since the 2008 crash and a shift towards open-air centers. Krown Point plans to invest another $50-$100 million in retail projects to maintain momentum.
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