Sporting goods, pet stores purchased for $63M

Portfolio comprised of recently built space

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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. ...