Pasadena-based JRW Realty announced this week that $108 million in transactions last month pushed all-time closed transactions over $3 billion.
The firm, which specialized in single-tenant net lease and multi-tenant retail properties, has sourced and closed $737 million worth of transactions in 2021, as of the end of September, JRW representatives said in a written statement.
The $3 billion in total transactions since the firm’s founding in 2005 represents 825 properties across the nation, according to JRW.
Melinda Marston, who serves as JRW Realty’s president of single-tenant net lease, said she was “thrilled” to see the milestone, “in spite of challenges in the market driven by the pandemic and the resulting widespread flock to quality net-leased real estate that has increased market competition.”
“We are immensely proud of how our team continues to drive successful outcomes month after month with our relationship-based approach and seamless transaction process,” she said. “We are dedicated to helping our clients achieve their strategic investment goals, and we are grateful to the owners, selling brokers, developers, and other facilitators with whom we have cultivated business relationships, as they are crucial and valued partners in our ongoing success.”
Thirty-one properties were sourced by JRW in September, according to the company. Tenants or anchors include CVS, Dollar General, Walgreens, First Midwest Bank, Publix, WellMed “and other companies that operate in the grocery, pharmacy, and other necessity-based industries,” the statement said. The properties are located in 18 states across the U.S.
More information on JRW Realty is available on the company’s website at jrwrealty.com.