Benderson Development Acquires West Coast Net Lease Portfolio
SARASOTA, FL October 31, 2017 – Benderson Development announced that it has closed on the $89 million purchase of four net-leased properties in Southern California, San Francisco, Seattle and Alaska. The properties consist of approximately 220,000 square feet and operate under the Safeway, Pavilions and Carrs supermarket flags.
Laguna Beach, CA – Pavilions on Pacific Coast Highway
Berkeley/Oakland, CA – Safeway at College Avenue
Seattle, WA – Safeway on 134th
Anchorage, AK – Carrs/Safeway at Abbott
Randy Benderson commented, “This acquisition is consistent with our strategy of acquiring assets in core West Coast markets and further expanding our national footprint.”
About Benderson Development
Benderson Development is one of America’s largest privately held real estate companies. Founded in 1949, the Benderson portfolio consists of more than 40 million square feet in 38 states. Benderson owns and manages its properties, with a diverse portfolio which includes retail, office, medical, industrial, hotel and residential properties.