MICHIGAN—Agree Realty Corporation sold a 30,000-sq.-ft., single-tenant property in Omaha, Neb. The property, which was formerly leased to Borders Inc., was sold for approximately $2.75 million.
In addition to this transaction, Agree Realty has two pending transactions on former Borders locations in Monroeville, Pa. and Columbus, Ohio.
Agree Realty is primarily engaged in the ownership, development, acquisition and management of single tenant properties leased to industry leading retail tenants. Currently, the company owns and operates a portfolio of 86 properties located in 22 states.