Institutional Property Advisors Closes 28-Property Fred Meyer Portfolio Sale
This transaction will further enhance a 20+ year relationship between Fred Meyer/Kroger and Benderson.\xe2\x80\x9d\nThe Fred Meyer store chain is a wholly owned subsidiary of Kroger that began in 1931 in Portland, Oregon and merged with Kroger in 1998.
- This transaction will further enhance a 20+ year relationship between Fred Meyer/Kroger and Benderson.\xe2\x80\x9d\nThe Fred Meyer store chain is a wholly owned subsidiary of Kroger that began in 1931 in Portland, Oregon and merged with Kroger in 1998.
- \xe2\x80\x9cFred Meyer is a leader in these markets, and we\xe2\x80\x99re very pleased to strengthen and enhance our long-term partnership with them.\xe2\x80\x9d Benderson Development has been aggressively growing its portfolio over the last few years.
- The Fred Meyer portfolio represents the company\xe2\x80\x99s sixth major acquisition in the past 18 months, with such purchases exceeding $1.5 billion.\nThe Fred Meyer stores in Washington State are in Shoreline, Bellingham, Everett, Lynnwood, Longview, Vancouver, Puyallup, Richland, and Tacoma, which has two.
- Its portfolio includes more than 800 properties totaling over 45 million square feet in 40 states.