Actual property traders are shopping for six FoodMaxx places in San Jose Fortunate

SAN JOSE – A large Midwestern investment group that has bought real estate from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

Chicago-based Oak Street Real Estate Capital has purchased six San Jose locations that operate a Lucky Store grocery store or FoodMaxx warehouse. This is shown by public property documents filed on November 23.

The deals mean the buyer Oak Street Real Estate Capital now owns retail space occupied by a heavy tenant, while the sellers, controlled by Save Mart, have raised a hefty chunk of the money.

The buyer paid $ 131.4 million for the supermarket property through a subsidiary. This is based on records held in Santa Clara County.

The private equity investment firm’s strategy is to buy selected properties, often from retailers, and then rent the properties back to the dealers.

The Pennsylvania State Employee Pension Scheme, Illinois Teacher Pension Scheme, and Chicago Public School Teacher Retirement and Retirement Funds have all invested in one or more funds run by Oak Street Capital, according to the pension funds.

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    Lucky Store at 129 Bernal Road in south San Jose. A large Midwestern investment group that has bought property from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

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    FoodMaxx on 3002 Story Road in San Jose. A large Midwestern investment group that has bought property from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

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    Lucky business at 3270 S. White Road in San Jose. A large Midwestern investment group that has bought property from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

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    FoodMaxx store located at 5506 Monterey Road in San Jose. A large Midwestern investment group that has bought property from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

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    Lucky Store at 2027 Camden Ave. in San Jose. A large Midwestern investment group that has bought property from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

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    Lucky business at 551 E. Capitol Expressway in San Jose. A large Midwestern investment group that has bought property from retailers in the United States has bought half a dozen properties in San Jose that are occupied by grocery stores owned by Save Mart Supermarkets.

Oak Street Real Estate Capital bought these websites on November 23rd.

Purchased the Lucky Store location at 129 Bernal Road, San Jose for $ 27.9 million.

– Purchased Lucky Store property, 3270 S. White Road, San Jose for $ 26.7 million.

– Purchased the Lucky Store location at 551 E. Capitol Expressway, San Jose for $ 22.3 million.

– FoodMaxx location, 5506 Monterey Road, San Jose, priced at $ 20 million.

– Lucky Store Site, 2027 Camden Ave., San Jose, priced at $ 19.5 million.

– Purchased FoodMaxx site, 3002 Story Road, for $ 15 million.

“Oak Street manages mixed funds as well as separate accounts for institutional and high net worth investors, including public and company pension plans, insurance companies and family trusts,” the private equity firm said on its website.

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