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MILL VALLEY, CA—Restaurant net lease REIT Four Corners PropertyTrust has signed a definitive agreement to buy 23 outparcelproperties that have 26 leases from Seritage Growth Properties for$67.9 million.
The portfolio includes 21 single tenant restaurant propertiesand 2 restaurant-anchored, multi-tenant properties. The transactionis expected to close in various tranches throughout 2019 and 2020,subject to customary closing conditions and regulatoryapprovals.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
