Le Lézard
Classified in: Business
Subject: RLE

JRW Realty Facilitates Purchase of a ShopRite for $24.75 Million


PASADENA, Calif., Aug. 9, 2022 /PRNewswire/ -- JRW Realty, a commercial real estate brokerage that focuses on net-leased properties on behalf of institutional clients, is pleased to announce that it has facilitated the purchase of a $24.75 million net-leased ShopRite in Uniondale, NY.

ShopRite is a great new addition to our client's roster of creditworthy tenants operating in necessity retail. 

Aaron Bush, a real estate associate at JRW Realty, coordinated the transaction on behalf of one of its institutional buyers. Prodigy Real Estate Group brokered the sale on behalf of First National Realty Partners.

Bush explained this ShopRite store meets the criteria for properties that JRW Realty clients are aggressively buying to create and expand investment portfolios.

"We were thrilled to assist our client with the acquisition of such a high-quality asset in the prominent Long Island market of New York City," Bush said. "The 61,916-square-foot property is adjacent to a Walmart Supercenter, further accentuating its attractiveness as a shopping destination and its value as a real estate holding. ShopRite is a great new addition to our client's roster of creditworthy tenants operating in necessity retail."

Bush added that JRW Realty's institutional buyers are actively engaged in purchasing net-leased real estate tenanted by grocery stores like ShopRite, including Kroger, Stop & Shop, Food Lion, Giant Eagle, HyVee, Price Chopper, Publix, Aldi, Whole Foods Market, and other supermarket chains. JRW Realty's clients focus on properties with double or triple net leases backed by creditworthy tenants that provide grocery, healthcare, pharmacy, auto, discount retail, and other necessity-based services.

About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed on more than 900 properties valued at more than $3.6 billion on behalf of its clients. JRW Realty's team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 3-4% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.

Single-Tenant Net Lease Sourcing Contact
Melinda Marston, President - STNL
CA DRE #01950977
[email protected]
(626) 696-2910

Multi-Tenant Retail Sourcing Contact
Joel Staffilino, President - Multi-Tenant Retail
[email protected]
(513) 227-4502

Media Inquiries
[email protected]

SOURCE JRW Realty


These press releases may also interest you

at 17:00
DLC Releases Q1-2024 Results; Achieves 14% Increase In Funded Volumes Of $11.2 Billion For Q1-2024
Dominion Lending Centres Inc. ("DLCG" or the "Corporation") is pleased to report its financial results for the three months ended March 31, 2024 ("Q1-2024"). For complete information, readers should refer to the interim financial statements and...

at 17:00
Flagship Communities Real Estate Investment Trust Announces First Quarter 2024 Results
Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") today released its first quarter 2024 results. The financial results of the REIT are presented below in accordance with International Financial Reporting Standards ("IFRS")...

at 16:55
Unisys Announces 1Q24 Results
Unisys Reiterates Full-Year Guidance and Builds Momentum in New Logo Signings Revenue declined 5.5% year over year (YoY), 7.1% decline in constant currency(1); Excluding License and Support (Ex-L&S)(15) revenue grew 4.0% YoY, 3.0% growth in constant...

at 16:55
Reworldtm and Goodwill Keystone Area Introduce Free Electronic Waste Recycling in 22 Central and Southeastern Pennsylvania Counties
Today, Reworldtm, in partnership with Goodwill Keystone Area, unveiled a new initiative to provide free electronic waste recycling across 22 central and southeastern Pennsylvania counties. The program was launched during an event at the local...

at 16:51
Canadian Investment Regulatory Organization Trading Halt - WRLG
The following issues have been halted by CIRO Company: West Red Lake Gold Mines Ltd. TSX-Venture Symbol: WRLG All Issues: Yes Reason: Pending News Halt Time (ET): 4:25 PM CIRO can make a decision to impose a temporary suspension (halt) of trading...

at 16:51
TELUS advances cyber protection for North American businesses with acquisition of Vumetric
TELUS Corporation ("TELUS"), a world-leading communications technology leader, today announced the successful acquisition of Vumetric Cybersecurity ("Vumetric"), a leading cybersecurity provider specializing in advanced penetration testing designed...

More news about Business...


News published on and distributed by: