An unknown buyer acquired TGI Fridays Restaurant Richmond, Virginia from One Liberty Properties, Inc..
November 16, 2023
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An unknown buyer acquired TGI Fridays Restaurant Richmond, Virginia from One Liberty Properties, Inc. (NYSE:OLP) for $3.2 million on November 17, 2023. One Liberty anticipates producing an aggregate gain on these sale of two restaurant properties and a portion of a retail property of approximately $2.7 million.
An unknown buyer completed the acquisition of TGI Fridays Restaurant Richmond, Virginia from One Liberty Properties, Inc. (NYSE:OLP) on November 17, 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.
ONE LIBERTY PROPERTIES, INC. 
