The portfolio of 41 properties is fully occupied by Meek's, a privately-held company that has been in business for nearly 100 years. The portfolio of 41 properties is fully occupied by Meek's, a privately-held company that has been in business for nearly 100 years.

NEWPORT BEACH, CA—Commercial brokerage firm HFF reports it has brokered the sale-leaseback of 41 distribution centers and commercial properties totaling more than 2 million square feet of space for retailer Meek's Lumber and Hardware.

The properties are located in California, Nevada, Missouri and Arkansas and were sold by Meek's to an unnamed public real estate investment trust. A second closing for an additional set of properties is set for the fourth quarter of 2018. No financial terms of the transaction were disclosed. The sale-leaseback deal coincided with the recent sale of the company to a private equity sponsor.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.