JRW Realty, a commercial real estate brokerage firm in Pasadena, facilitated the all-cash acquisition of over $54.10 million in property on behalf of their clients during the month of July.
A company statement said the 12 properties acquired have a number of national companies as tenants. These companies, providing essential goods and services, include Pick ‘n Save, Dollar General, Fresenius Medical Care, Walgreens, and CVS.
The properties sourced by JRW Realty collectively span 227,186 square feet and are located across 10 states, including California, Texas and Georgia, the statement said.
“We are pleased to have maintained a healthy transaction volume last month as we work to serve our clients’ pressing acquisition needs,” Joel Staffilino, president of multi-tenant retail at JRW Realty, said. “As of July 31, we have closed on acquisitions of over 2 million square feet of properties throughout the country in 2021, and we are on pace to help our clients achieve over $800 million in net-leased-focused acquisitions this year.”
JRW Realty focused on sourcing single-tenant net-leased properties and grocery-anchored multi-tenant shopping centers to meet the acquisition needs of the clients. For each of the properties sourced in July, JRW Realty’s buyers closed at contract price without a financing contingency.
JRW Realty has closed a total of over $2.8 billion in transaction volume on behalf of its clients from the time the company was established.
JRW Realty’s exclusive client base includes large, all-cash buyers seeking to acquire grocery-anchored multi-tenant shopping centers and individual net-leased properties, backed by essential businesses with investment-grade credit.
The company said the clarity of their clients’ acquisition criteria, their accessible balance sheet capital, and JRW’s streamlined transaction processes enable buyers to close transactions in 20 to 30 days after going under contract.
To learn more about JRW Realty, visit www.jrwrealty.com.
