Sporting goods, pet stores purchased for $63M

Jones Lang LaSalle negotiated the sale of the Dick's Sporting Goods portfolio and one PetSmart store located throughout the eastern half of the United States, for approximately $63.3 million.

Berkshire Development sold the portfolio, which includes 10 retail properties, to NorthStar Realty Finance, a real estate investment trust.

The stores are located from Kansas to Maine, including Bloomingdale, Ill.; Concord, N.H.; Ft. Wayne, Ind.; Huntington, N.Y.; Keene, N.H.; Millbury, Mass.; North Attleboro, Mass.; South Portland, Maine, and Wichita, Kan. All properties were brand-new and fully leased at the time of sale.

Jones Lang LaSalle delivers full-scale development, leasing, management, investment sales, construction, and structured finance services globally.

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