DISTRICT HEIGHTS, MD-Details about last December’s $503 million portfolio trade between Realty Income Corp. and Inland Diversified Real Estate Trust are emerging, and a report from a third party information source suggests that the local BJ’s Ritchie Station accounted for a significant percentage of the total purchase price of the portfolio. That deal has not yet closed.**
The 117,875-square foot BJ’s Ritchie Station, located at 1781 Ritchie Station Ct, last traded in August 2012 for $32.4 million.
Realty Income Corp. acquired 84 single-tenant, 100% net-leased properties in the December transaction. The acquisition, which was financed with $349 million in cash and the assumption of $154 million of debt, consists of primarily retail, industrial and distribution properties leased to 16 tenants, in 12 different industries, located in 22 states, with an initial average lease term of 13.7 years.
**In an earlier version of this article, GlobeSt.com listed a reported purchase price for BJ Ritchie based on the third party information source. That price was only estimated and not confirmed. We apologize for any confusion. We will be reporting the purchase price when it is confirmed.