An unaffiliated third-party buyer completed the acquisition of a Multi-Tenant Shopping Center in Manahawkin, New Jersey from One Liberty Properties, Inc. and others.
December 14, 2023
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An unaffiliated third-party buyer acquired a Multi-Tenant Shopping Center in Manahawkin, New Jersey from One Liberty Properties, Inc. (NYSE:OLP) and others for approximately $36.5 million on September 8, 2023.The purchase price is subject to customary closing adjustments and prorations. Under the terms of the transaction, One Liberty Properties, Inc. will sell its 50% interest. The transaction is subject to the satisfaction of customary closing conditions including due diligence investigation. The transaction is expected to close in late 2023. One Liberty Properties, Inc. will use proceeds from the transaction to pay down our credit facility indebtedness.
An unaffiliated third-party buyer completed the acquisition of a Multi-Tenant Shopping Center in Manahawkin, New Jersey from One Liberty Properties, Inc. (NYSE:OLP) and others on December 15, 2023.
One Liberty Properties, Inc. is a self-administered and self-managed real estate investment trust. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. The Company owns approximately 108 properties and participate in joint ventures that own two properties. These 110 properties are located in 31 states and have an aggregate of approximately 10.9 million square feet. Its primary objective is to acquire single-tenant properties, and in particular, industrial properties, that are subject to long-term net leases that include periodic contractual rental increases or rent increases based on increases in the consumer price index. The Companyâs property is located across Alabama, Arkansas, Arizona, California, Colorado, Texas, Delaware, Florida, Georgia, Iowa, Illinois, Kansas, Kentucky, Massachusetts, Virginia and Ohio.
An unaffiliated third-party buyer completed the acquisition of a Multi-Tenant Shopping Center in Manahawkin, New Jersey from One Liberty Properties, Inc. and others.
ONE LIBERTY PROPERTIES, INC. 
