CBRE Arranges Sale of Lowe's Portfolio for $81.6 Million
Atlanta – CBRE has arranged the sale of a four-asset portfolio comprised of four freestanding, single-tenant Lowe’s Home Improvement stores in Atlanta metropolitan statistical area totaling approximately 532,735 square feet for $81.6 million.
Chris Bosworth, John Read, Will Pike, Philip Voorhees, Jimmy Slusher and Brian Pfohl of CBRE represented the seller, IRA Capital LLC, in the transaction. American Realty Capital Properties Inc. purchases the portfolio. Each Lowe’s location has a long-term lease, which was recently extended by 10 years with six, five-year options to extend.
Read online at: http://rebusinessonline.com/cbre-brokers-sale-of-lowes-portfolio-in-metro-atlanta-for-81-6m/