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Benzinga

One Liberty Sells Retail Property For $40.5M

Real estate investment trust (REIT) One Liberty Properties Inc (NYSE: OLP) has announced the sale of its retail property, the 47,200 square foot building, and the related parking lot located in West Hartford, Connecticut, and leased to Whole Foods for $40.5 million. The proceeds will be used to repay a $15.4 million mortgage on the property, pay off the $17.9 million outstanding balance on the company’s credit facility and transaction-related costs. The remaining $5.4 million will be used for ge

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