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Single-tenant grocery portfolio sells for $295M


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BOSTON, April 22, 2021 /PRNewswire/  JLL Capital Markets announced today that it has closed the $295 million sale of and arranged $157.95 million in acquisition financing for a portfolio of 11 single-tenant retail buildings net leased on a long-term basis to Stop & Shop in densely populated markets throughout Connecticut, Massachusetts and Rhode Island.
1 of 11 properties in a single-tenant retail portfolio in Connecticut, Massachusetts and Rhode Island
JLL marketed the portfolio on behalf of the seller, Winstanley Enterprises and Surrey Equities. The Inland Real Estate Group of Companies, Inc. acquired the assets. Additionally, working on behalf of the new owner, JLL secured two separate 10-year, fixed-rate loans with a life company and with a CMBS lender. ....

New York , United States , Rhode Island , Oak Brook , Cape Cod , North Smithfield , South Yarmouth , Nat Heald , Chris Angelone , Edward Silvera , Kimberly Steele , Jose Cruz , Lauren Oneil , Matthew Sherry , Jones Lang Lasalle Incorporated , Ahold Delhaize United States Inc , Winstanley Enterprises , Real Estate Acquisitions , Surrey Equities , Stop Shop , Real Estate Group Of Companies Inc , Inland Real Estate Group , Ahold Delhaize United States , Inland Real Estate Acquisitions , Markets Investment Sales Advisory , Managing Director Nat Heald ,