Benderson Development makes push west with acquisitions

Company adds several West Coast properties to its portfolio to enhance diversification, relationships


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  • | 6:00 a.m. September 28, 2018
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KAYLEIGH OMANG — Benderson Development Co. has been buying stand-alone assets in West Coast markets, just as it did the former Dillards in Sarasota, repositioned as a Lucky's Market.
KAYLEIGH OMANG — Benderson Development Co. has been buying stand-alone assets in West Coast markets, just as it did the former Dillards in Sarasota, repositioned as a Lucky's Market.
  • Commercial Real Estate
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Manatee County-based Benderson Development Co. is making a push west, with a handful of acquisitions along the West Coast in the past year totaling more than $121 million.

But unlike typical Benderson purchases, its deals in Chicago, Seattle and a trio of deals in California involve one-off, stand-alone assets and not entire shopping centers, as was the case when it acquired and revived the troubled Landings Shopping Center and Pelican Plaza, both in Sarasota County, over the past three years.

 

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