Benderson Development expanding through net-lease investments

Benderson Development Co. is best known along the Gulf Coast for ground-up developments and distressed property upgrades, but since late 2019 the University Park company also has grown its nationwide portfolio through a series of transactions exceeding $1.5 billion.

Most recently, the company announced earlier this month that it had acquired 28 Fred Meyer superstores in Oregon, Washington, Idaho and Alaska. The estimated $500 million deal also will add 4.5 million square feet to Benderson’s portfolio.