trending Market Intelligence /marketintelligence/en/news-insights/trending/fIZGXlWSTRAmltR3gJTSsQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Four Corners Property Trust buys 10 assets in Seritage portfolio deal

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Capital Markets View – January 2021


Four Corners Property Trust buys 10 assets in Seritage portfolio deal

Four Corners Property Trust bought 10 properties for $31.7 million to close the first tranche of its previously agreed deal with Seritage Growth Properties.

The restaurant-focused real estate investment trust said the properties are in Delaware, Illinois, Indiana, Michigan, Rhode Island and Texas.

The single-tenant properties are leased to BJ's Brewhouse, Chick-Fil-A, Krispy Kreme, LongHorn Steakhouse, Outback Steakhouse, Popeye's, Portillo's and Wendy's. The portfolio also has one restaurant-anchored, multitenant property leased to Shake Shack, Orvis and Jared Jewelry.