One Liberty Properties Sells Retail Property for $40.5 Million
— Anticipates Reporting a Gain Over $21 Million — — Provides Leasing Update — GREAT NECK, N.Y., June 21, 2021 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE:OLP), an owner and manager of a primarily industrial portfolio along with other net leased assets that are geographically diversified, today announced that it closed on a $40.5 million sale of a 47,200 square foot building and the related parking lot located in West Hartford, Connecticut and leased to Whole Foods. The proceeds were used to repay a $15.4 million mortgage on the property, pay off the $17.9 million outstanding balance on the Company's credit facility and pay transaction related costs. The remaining proceeds of a
