East Manatee County-based real estate company Benderson Development, one of the largest retail landlords in the country, has acquired 28 Fred Meyer stores located throughout the Pacific Northwest and Alaska.
The acquisition adds nearly 4.5 million square feet of properties to the company’s growing portfolio, which now totals over 45 million square feet, according to a statement. The company has a 20-year relationship with Fred Meyer, a subsidiary of The Kroger Co., the release adds. University Park-based Benderson’s portfolio already includes four flagship Fred Meyer locations.
“The Pacific Northwest has always been one of our top areas of interest to grow our national footprint,” says Randy Benderson, president and director of Benderson Development, in the statement. “Fred Meyer is a leader in these markets, and we’re very pleased to strengthen and enhance our long-term partnership with them.”
The Fred Meyer portfolio represents Benderson Development’s sixth major acquisition in the past 18 months, with total purchases exceeding $1.5 billion.
Founded in 1949, Benderson's portfolio includes more than 800 properties throughout 40 states.