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.
Meanwhile, the company completed the acquisitions of two restaurants for $2.98 million and $2.64 million, respectively. One property is located in Ann Arbor, MI, with a lease that expires in March 2027. The other property is located in Myrtle Beach, SC with a lease that expires in December 2032.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
