SAN DIEGO-Realty Income Corp., an Escondido-based REIT which invests in commercial and retail properties, has acquired 135 SuperAmerica convenience stores and a support facility for nearly $248 million.
The seller of the properties located in Wisconsin and Minnesota was Marathon Oil. The stores will be leased to companies managed and owned by Northern Tier Energy. This major deal will bring the REIT's 2010 acquisition activity to over $700 million. For the full story, go to San Diego Business Journal.
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