Stop & Shop retail portfolio trades for $295M | Real Estate Weekly rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
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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.