Posted on 461
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), as exclusive advisor to Cincinnati-based The Kroger Co. and Portland-based Fred Meyer Stores Inc., announced today the successful sale to Florida-based Benderson Development and leaseback of a 4.5-million-square-foot, 28-property portfolio of absolute net-leased Fred Meyer superstores consisting of 380 acres across Washington, Oregon, Idaho, and Alaska.
“We want to congratulate and acknowledge the hardworking teams at Fred Meyer Stores Inc., The Kroger Co. and Benderson Development on the successful conclusion of this transaction that required long days and nights to complete on time,” said Tom J. Lagos, IPA executive director and transaction lead. “Benderson Development stood out on price and terms against a very competitive field of over 20 qualified bidders, and the company’s team worked diligently to complete t
Grocery chain with Tacoma stores makes deal to keep its locations in place for years
News Tribune, Tacoma, Wash. 5/6/2021 Debbie Cockrell, The News Tribune (Tacoma, Wash.)
May 6 A recent sale-leaseback involving nearly 30 Fred Meyer locations was announced this week by Institutional Property Advisors, a division of Marcus & Millichap, advisor to Cincinnati-based The Kroger Co. and Portland-based Fred Meyer Stores Inc.
Popular Searches
The deal, brokered by IPA, involved the sale to Florida-based Benderson Development and leaseback of a portfolio of 4.5-million-square-foot, 28-property Fred Meyer superstores in Washington, Oregon, Idaho and Alaska, including two Tacoma stores. This was a once-in-a-generation opportunity to acquire a portfolio of dominant essential retail stores, said Patrick Toomey, IPA executive director in a news release announcing the deal.
Kroger, Livonia rehabilitation facility hit by data breaches freep.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freep.com Daily Mail and Mail on Sunday newspapers.