The new owner simultaneously leased the property back to Mitsuwa Corp. for 15 years on a triple-net bond lease, the latest in a number of sale-leaseback deals Bentley Forbes has done. The company calls its sale-leaseback package the Flexi-Bond Lease Program. "Sometimes clients don't realize they're sitting on their biggest asset," explains company president Frederick Wehba III. "They don't know how easy it can be to convert that passive asset into capital."

Bentley Forbes is a national commercial real estate investment firm that specializes in acquiring and owning single-tenant, income-producing properties. While the company is shopping for everything from office buildings to industrial properties, it has been focusing on retail properties to a greater extent. This latest transaction brings the company's portfolio to over $675 million, with $200 million of that coming since the first of this year.

Sale-leaseback partner Mitsuwa recently changed its name from Yaohan USA Corp. In the last three years, Bentley Forbes has done a total of four sale-leasebacks involving Yaohan. Besides Edgewater, NJ, the others are located in Arlington, IL and Costa Mesa and Torrance, CA.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.