Auburn, Calif. — Envoy Net Lease Partners LLC has financed a first mortgage bridge loan for a 5,500-square-foot, single-tenant net lease Denny’s restaurant in Auburn, California.
Deerfield, Ill. — For investors in net leased drugstore properties, one key question resulting from Tuesday’s announcement that Walgreens Boots Alliance Inc. has agreed to acquire Rite Aid Corp. for $17.2 billion, including acquired net debt, is what effect will the transaction have on lease terms and cap rates?
Alpharetta, Ga. — RocaPoint Partners and New York-based The Georgetown Co. have closed on the land purchase for HALCYON, a $370 million mixed-use development in Forsyth County.
Des Peres, Mo. — Sansone Group has reacquired Olympic Oaks Village in Des Peres, a western suburb of St. Louis, for $22 million.
Dallas — Dallas-based Disney Investment Group (DIG) has arranged the sale of four retail properties for a total of $80 million.
New York City — Holliday Fenoglio Fowler LP (HFF) has secured $200 million in financing for the acquisition and pre-development of a 19,684-square-foot development site at 151 East 60th St., which is located at Lexington Avenue across from Bloomingdale’s in Manhattan.
Los Angeles — Fred C. Sands, founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly October 23 at the age of 77.
Maryville, Mo. — Pizza Ranch is set to open a new location in Maryville.
Henderson, Nev. — HFF has secured $72 million in acquisition financing for The District at Green Valley Ranch, a 384,724-square-foot mixed-use retail and office center in the Las Vegas suburb of Henderson.
Delray Beach and Boynton Beach, Fla. — Franklin Street and Neal Realty & Investments Inc. have arranged the purchase of two shopping centers in Palm Beach County totaling $9.1 million.