Real estate firm expands portfolio with massive ground lease purchase

Benderson Development's latest acquisition bumps its total purchases to $1.5 billion over the past 24 months.

By Business Observer Staff
| 5:01 p.m. August 13, 2021
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Courtesy. Benderson Development recently added a 450,000 square foot market in New Mexico to its portfolio.

Manatee-Sarasota

UNIVERSITY PARK — Benderson Development continues to grow its portfolio of real estate holdings in the West Coast and mountain regions with the company’s latest acquisition.

The real estate company, based in University Park, east Manatee County, recently acquired the ground lease of Plaza Santa Fe located in Santa Fe, New Mexico. The plaza is a 450,000 square foot market sitting on about 33 acres, according to a statement.