Benderson Development Acquires West Coast Net Lease Portfolio


Nov 08, 2017

SARASOTA, FL October 31, 2017 – Benderson Development announced that it has closed on the $89 million purchase of four net-leased properties in Southern California, San Francisco, Seattle and Alaska. The properties consist of approximately 220,000 square feet and operate under the Safeway, Pavilions and Carrs supermarket flags.

  • Laguna Beach, CA – Pavilions on Pacific Coast Highway
  • Berkeley/Oakland, CA – Safeway at College Avenue
  • Seattle, WA – Safeway on 134th
  • Anchorage, AK – Carrs/Safeway at Abbott

Randy Benderson commented, “This acquisition is consistent with our strategy of acquiring assets in core West Coast markets and further expanding our national footprint.”