Jones Lang LaSalle negotiated the sale of the Dick’s Sporting Goods portfolio and one PetSmart store located throughout the eastern half of the United States, for approximately $63.3 million.
Berkshire Development sold the portfolio, which includes 10 retail properties, to NorthStar Realty Finance, a real estate investment trust.
The stores are located from Kansas to Maine, including Bloomingdale, Ill.; Concord, N.H.; Ft. Wayne, Ind.; Huntington, N.Y.; Keene, N.H.; Millbury, Mass.; North Attleboro, Mass.; South Portland, Maine, and Wichita, Kan. All properties were brand-new and fully leased at the time of sale.
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