Stream Capital Arranges $34M Sale-Leaseback of Retail Portfolio in Chicopee
National net lease and sale-leaseback advisory group Stream Capital Partners has arranged the sale and leaseback of a five-property retail portfolio in Chicopee, MASS.
Daniel Macks, Chelsea Mandel and Jeff Lizzo of Stream Capital represented the seller, National Convenience Distributors, in the transaction. The portfolio totals 381,355 square feet.
“Given the essential nature of the business paired with the cold storage real estate assets, we were able to generate substantial investor demand and achieve record pricing in the submarket.” said Mandel. “This was a great transaction for the Seller who is able to utilize the proceeds to fuel company growth, while the Buyer was able to expand their industrial footprint and gain as a long-term tenant a leading operator in the C-store distribution space.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.