TrafficCourt

JLL Marketing $240M Portfolio

RSS
Grocery store chain Albertsons awarded Jones Lang LaSalle with an exclusive marketing agreement to sell a 72-store portfolio totaling 3.2 million square feet. Located in nine southeastern, central and western states, JLL is offering the portfolio as a whole with an expected $240 million price tag, or as three regional sub-portfolios.

Many of the stores in the portfolio formerly housed Albertsons grocery stores and are now leased to tenants including ALDI, Big Lots, Ross Dress for Less, Wal-Mart and Whole Foods Market. JLL says more than 80% of the estimated $18 million NOI is comprised of credit-rated tenants.

Story at CoStar.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×