{"id":1004024221,"date":"2010-11-04T09:53:42","date_gmt":"2010-11-04T17:53:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004024221"},"modified":"2022-12-08T17:27:53","modified_gmt":"2022-12-09T01:27:53","slug":"cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\/","title":{"rendered":"Cole Snaps up $266M Albertson&#8217;s Portfolio in Sale-Leaseback Deal"},"content":{"rendered":"<p>November 4, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004024222\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004024222\" data-attachment-id=\"1004024222\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\/dave_mcmt\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"dave_mcmt\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user dave_mcmt&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg\" alt=\"\" title=\"dave_mcmt\" width=\"300\" height=\"225\" class=\"size-medium wp-image-1004024222\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004024222\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user dave_mcmt<\/p><\/div>\n<p>In yet another sale-leaseback transaction, Cole Real Estate Investments has acquired a 32-store portfolio of Alberton\u2019s grocery properties. The all-cash deal was valued at $266 million.<\/p>\n<p>With a total of 1.9 million square feet, the addition helps pump up Cole\u2019s retail portfolio. The stores are located in Arizona, New Mexico, Colorado, Texas and Louisiana. All are subject to 20-year individual triple-net leases that also include renewal options.<\/p>\n<p>According to Cole chief acquisitions officer Kim Kundrak, the properties are in line with the company\u2019s investment parameters. She added that these are income-producing core retail properties leased to nationally recognized tenants under long-term net leases.<\/p>\n<p>Cole has acquired $1.8 billion in real estate this year to date, including retail, office and industrial properties.<\/p>\n<p>Sale-leasebacks can benefit property owners in this economy by giving them immediate access to cash in exchange for a series of payments down the road. While they were less common last year, this year they are coming back strongly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a total of 1.9 million square feet, the addition helps pump up Cole&#8217;s retail portfolio.<\/p>\n","protected":false},"author":936,"featured_media":1004024222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21749],"tags":[],"class_list":["post-1004024221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cole Snaps up $266M Albertson&#039;s Portfolio in Sale-Leaseback Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cole Snaps up $266M Albertson&#039;s Portfolio in Sale-Leaseback Deal\" \/>\n<meta property=\"og:description\" content=\"With a total of 1.9 million square feet, the addition helps pump up Cole&#039;s retail portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-11-04T17:53:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:27:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/11\/dave_mcmt.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Cole Snaps up $266M Albertson&#8217;s Portfolio in Sale-Leaseback Deal\",\"datePublished\":\"2010-11-04T17:53:42+00:00\",\"dateModified\":\"2022-12-09T01:27:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/\"},\"wordCount\":191,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/11\\\/dave_mcmt.jpg\",\"articleSection\":[\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-snaps-up-266m-albertsons-portfolio-in-sale-leaseback-deal\\\/\",\"name\":\"Cole Snaps up $266M Albertson's Portfolio in Sale-Leaseback Deal - 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