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Stop & Shop retail portfolio trades for $295M | Real Estate Weekly
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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.
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JLL Capital Markets announced that it closed the $53.5 million sale of a fully leased, three-building, value-add light industrial portfolio totaling 260,755 square feet along with an adjacent 23-acre development parcel in the Rockland County community of Valley Cottage, New York.
JLLmarketed the property on behalf of the sellers, Sasson Real Estate Group and Garelick Holdco LLC. Lincoln Equities and PCCP purchased the assets.
The portfolio is situated at 616 and 618
Corporate Way and 711 Executive Blvd. in Valley Cottage, which is approximately
30 miles north of Midtown Manhattan. The properties and land site are situated
just off Route 303 and proximate to U.S. Route 9W, Interstate 287 and the Mario
JLL Capital Markets closed the $53 million sale of The Sheffield SoNo, a 136-unit, luxury, transit-oriented apartment in Norwalk, Connecticut.
JLL Capital Markets announced that it has closed the $53 million sale of The Sheffield SoNo, a 136-unit, luxury, transit-oriented apartment building with ground-floor office space located along the waterfront in Norwalk, Connecticut.
Completed in 2007, The Sheffield SoNo features luxury apartments with high-end finishes, including stainless steel kitchen suites, double kitchen sinks, quartz countertops, hardwood flooring, full size washer and dryer, private balconies in select units, nine-foot ceilings and direct water views from most units. Residents of the five-story building can enjoy a variety of community amenities such as a 24-hour fitness club, outdoor grilling area, resident clubhouse, heated swimming pool, ButterflyMX Entry System, package concierge service, underground parking garage and bike storage.
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