Pasadena-based JRW Realty sourced and closed $119.28 million worth of net-leased and multi-tenant retail centers in 12 states this month, the company announced Monday.
The 20 transactions closed at contract price and are occupied by businesses including Dollar General, Walgreens, Verizon Wireless and other companies involved in the grocery, pharmacy, healthcare and necessity retail sectors, JRW said in a written statement.
JRW President of Single-Tenant Net Lease Melinda Marston said August’s figures raise the company’s overall closures for 2021 to $630 million, “and we are on target to have our buyers acquire over $1 billion this year,” she said. “We are eager to help our buyers strive toward this goal while maintaining our rigorous due diligence standards for each property we source.”
The company specializes in working with “large, all-cash buyers that are actively seeking to acquire grocery-anchored multi-tenant shopping centers and individual net-leased properties backed by essential businesses with creditworthy metrics,” according to the statement.
More information on JRW Realty is available on the company’s website at jrwrealty.com.