Benderson Development Acquires 600,000-Square-Foot Toys ‘R’ Us, Babies ‘R’ Us Portfolio

by Alex Tostado

Sarasota, Fla. — Benderson Development has acquired a portfolio of 15 retail stores throughout the country that were formerly leased to Toys ‘R’ Us and Babies ‘R’ Us.

The sales price was not disclosed for the 600,000-square-foot portfolio. Locations include five stores in Florida, two in Oregon and California, and one each in North Carolina, Massachusetts, Pennsylvania, Colorado, Connecticut and New York. Founded in 1949, Sarasota, Florida-based Benderson Development owns a real estate portfolio comprising more than 40 million square feet of retail, office, medical, industrial, lodging and residential properties in 39 states.

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