Benderson Development Acquires Four Grocery-Leased Properties for $89 Million

A property leased to Safeway in Seattle was included in the transaction. (Image courtesy of Safeway) A property leased to Safeway in Seattle was included in the transaction. (Image courtesy of Safeway)

Sarasota, Fla. — Sarasota-based Benderson Development has acquired a four-property, net-leased portfolio for $89 million.

Located throughout California, Seattle and Alaska, the properties total 220,000 square feet and operate under the Safeway, Pavilions and Carrs supermarket flags. The portfolio includes a Pavilions in Laguna Beach, California; a Safeway in Berkeley, California; a Safeway in Seattle; and a Carrs-Safeway in Anchorage, Alaska. The name of the seller was not disclosed. 

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