JRW Realty buys supplies and closes a mall anchored in Publix for $ 19 million | National company
PASADENA, Calif .– (BUSINESS WIRE) – October 21, 2021–
JRW Realty is pleased to announce that it has closed a $ 19 million cash transaction for a multi-tenant mall headquartered at Publix Super Markets in Madison, Alabama. The property was closed at the contract price with no funding contingency within 18 days of contract signing and is 92% occupied by Publix, Goodwill, ATI Physical Therapy and other national or regional tenants.
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A $ 19 million multi-tenant mall anchored by Publix Super Markets in Madison, Alabama. (Photo: Business Wire)
âOur rapid closure of this Publix-anchored mall is a prime example of why our relationship-based approach is essential to how we buy net lease-driven real estate for our clients,â said Joel Staffilino, president of JRW Realty’s multi-tenant retailer. “By cultivating new and existing relationships with the industry and focusing on properties that meet our buyers’ rigorous acquisition criteria, we were able to smoothly close this $ 19 million transaction in less than 20 days.” signing the contract. We are really proud of this and look forward to more deals like this with JLL, who represented the seller in this transaction.
The mall meets the acquisition criteria of JRW Realty’s Exclusive Cash Buyers, who have a strong appetite for acquiring multi-tenant malls anchored in grocery stores and net leased individual properties backed by core businesses with solvency measures. JRW Realty’s streamlined closing processes allow its team to close deals within 30 days of contract signing, and the company’s relational approach to real estate focused on net leases has enabled JRW Realty to procure over 13 million square feet of property. for its clients since 2012.
About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has completed over $ 3 billion in transactions in over 825 properties on behalf of its clients. The JRW Realty team pays close attention to due diligence, reviewing over 100 properties each week and choosing only to seek out the best 3-4% for clients based on their rigorous acquisition criteria. For more information visit www.jrwrealty.com.
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CONTACT: Contact for multi-tenant retail acquisitions
Joel Staffilino, President – Multi-tenant retail
(513) 227-4502 Acquisitions of net single-tenant leases Contact
Melinda Marston, President – STNL
CA DRE # 01950977
(626) 696-2910 Media inquiries
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA ALABAMA
INDUSTRY KEYWORD: REIT RETAIL COMMERCIAL BUILDING & IMMOBILIER SUPERMARKET CONSTRUCTION & PROPERTY
SOURCE: JRW Realty
Copyright Business Wire 2021.
PUB: 10/21/2021 9:00 a.m. / DISC: 10/21/2021 9:01 a.m.
Copyright Business Wire 2021.