PPF RTL Rosedale Shopping Center LLC entered into an agreement to acquire Herbergers Location At Rosedale Center In Roseville, Minnesota from The Bon-Ton Stores, Inc. (NasdaqGS:BONT) for $18.9 million on September 14, 2017. The transaction is structured as a sale and leaseback arrangement wherein, upon completion of the sale, Bon-Ton will lease the property for a 20-year initial term with the option to extend the term for four additional successive periods of five years at market rents. Proceeds from the transaction will be used to repay outstanding debt. PPF RTL Rosedale Shopping Center LLC completed the acquisition of Herbergers Location At Rosedale Center In Roseville, Minnesota from The Bon-Ton Stores, Inc. (NasdaqGS:BONT) in September, 2017.