An undisclosed buyer completed the acquisition of Retail Property in Lakewood, CO from One Liberty Properties, Inc. and others.
March 05, 2024
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An undisclosed buyer agreed to acquire Retail Property in Lakewood, CO from One Liberty Properties, Inc. (NYSE:OLP) and others for $2.9 million on March 5, 2024. One Liberty Properties owned a 90% interest in the property through a consolidated joint venture.
An undisclosed buyer completed the acquisition of Retail Property in Lakewood, CO from One Liberty Properties, Inc. (NYSE:OLP) and others on March 6, 2024.
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.