MILL VALLEY, CA—Four Corners Property Trust has closed on the first tranche of its $67.9 million deal with Seritage Growth Properties, which it announced earlier this year.
All together, the restaurant net lease REIT is buying 23 outparcel properties that have 26 leases from Seritage Growth Properties.
In this first tranche it has acquired 10 properties for $31.7 million. The properties are located in Delaware, Illinois (2), Indiana (3), Michigan, Rhode Island, and Texas (2).
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 2024 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.