TAMPA, FL-Florida Triple net property trades saw an uptick in August as Calkain Companies and Noble Properties both inked deals. Calkain brokered the sale of two investment properties—one along Florida’s West Coast and the other in the Tampa Bay area—while Noble closed on another Walgreens. Financial terms on the deals were not disclosed.

Both of the Calkain deals are subject to long term ground leases, one to Walgreens and the other to JP Morgan Chase. Each site was part of the re-development of a former Wells Fargo facility by the seller, a Florida-based private developer.

The Walgreens location is a relocation of an existing store that operates in the adjacent Publix-anchored shopping center. The buyers, a family of private investors, were focused on acquiring best-in-class, net lease properties occupied by investment grade tenants.