This Kohl's is approximately 88,248 square feet, a retail department store on approximately 7.47 acres.
The other net leased property that was purchased is located in Monroeville, Pennsylvania, a suburb of Pittsburgh. This commercial real estate investment is a 6,000 square foot retail property leased by a Men's Wearhouse pursuant to a long term net lease. The purchase price was approximately $1.3 million, including $300,000 of contracted building improvements.
The Buyer of both of these net lease properties was One Liberty. One Liberty is a New York based real estate investment trust (REIT) that specializes in the acquisition of real estate properties under long term net leases.