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Sentinel Net Lease Completes Sale of Schnucks Fresh Foods in Loves Park, Illinois

Sentinel Net Lease Completes Sale of Schnucks Fresh Foods in Loves Park, Illinois
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United States , Loves Park , Laura Nguyen , Fred Lewis , Schnucks Markets Inc , Net Lease , Schnucks Fresh Foods , Schnucks Markets , Dennis Cisterna , Chief Investment , Investor Relations ,

Sentinel Net Lease Closes Out Successful Year with Three Acquisitions Totaling $40MM in the Fourth Quarter of 2020

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Sentinel Net Lease (“Sentinel”) closed out a very active year with three commercial real estate net lease investments totaling $40MM in the fourth quarter. In total, Sentinel, created by investment veterans Fred Lewis and Dennis Cisterna, acquired nearly $90MM in assets over the past 12 months.
CardWorks Servicing Center in Orlando, Florida (Photo: Business Wire)
Despite the challenges brought about by COVID-19 to commercial real estate investing, Sentinel has stayed true to its strategy, investing in real estate occupied by tech-centric and essential services companies that can operate successfully in both pandemic and recessionary environments.
The three most recent acquisitions include the Schnucks Fresh Foods grocery store in Peoria, IL for $7.5MM, the CardWorks Customer Service Center in Orlando, FL for $14.3MM and the Quail Commercial Center in Oklahoma City, OK for $18.6MM. T ....

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Supermarket buys nearly $200,000 in restaurant gift cards, hands them out to employees

Supermarket buys nearly $200,000 in restaurant gift cards, hands them out to employees
By Chris Williams
Schnucks Fresh Foods in Lawndale, MO. (Credit: Schnuck Markets, Inc.)
Schnuck Markets, Inc. announced it will purchase gift cards from local restaurants and hand them out to store employees in an effort to curb the damage from the COVID-19 pandemic.
The supermarket chain said it will spend nearly $200,000, giving employees a $15 gift card to a restaurant located within five miles of their work location.
As many families do this time of year, we wanted to support others in our ‘food family’ – in this case the many local restaurants negatively affected by the COVID-19 pandemic, Chairman and CEO Todd Schnuck said in a statement. We thought the best way to do this was by offering all of our teammates gift cards to these restaurants near our stores, extending our mission to nourish people’s lives to those many businesses and their employees who help m ....

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