One Liberty Closes on Four Properties Nationwide

GREAT NECK, NY-One Liberty Properties, Inc. has closed on four acquisitions—spread around the country—for $54.1 million. One Liberty completed the previously announced the $39.2 million acquisition of an approximately 700,000 square foot industrial facility, located in Fort Mill, SC and leased through April 2029 to Northern Tool & Equipment Company, Inc. and affiliates.

The purchase price includes approximately $27.3 million of mortgage debt with an annual interest rate of 4.875% and maturing in April 2029. The company closed on an approximately 125,600 square foot distribution facility located in Indianapolis, IN for approximately $9.27 million. The property is leased by Federal Express Corp. for a term which expires in February 2023.