January 11, 2019
One of America’s largest privately held real estate development firm, Benderson Development has taken over the rights of the properties that were earlier leased to the international toy, clothing, video game, and baby product retailer. Locations in the Southeast include five stores in Florida — Miami, Palm Beach Gardens, Naples, Fort Lauderdale and North Miami Beach — and one asset in Cary, N.C. The sales price hasn’t been disclosed for the acquisition of this 600,000 square feet portfolio.
Established in the year 1949, Benderson Development has a real estate portfolio constituting more than 40 million square feet of retail, office, medical, industrial, lodging and residential properties in 39 states in the USA. While Toys “R” Us, Inc., founded in April 1948 and headquartered in Wayne, New Jersey; is an international toy, clothing, video game, and baby product retailer.