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Stock impact report

One Liberty Properties Acquires Two Industrial Properties

One Liberty Properties, Inc. (OLP) 
Last one liberty properties, inc. earnings: 3/13 04:15 pm Check Earnings Report
US:NYSE Investor Relations: 1liberty.com/investor_relations
Company Research Source: GlobeNewswire
GREAT NECK, N.Y., June 04, 2019 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired two industrial properties for an aggregate purchase price of $11.8 million. On May 30, 2019, One Liberty acquired a 100,000 square foot industrial facility on 4.6 acres located three miles east of downtown Nashville, Tennessee, for $8 million.  The property is leased to two tenants with leases expiring in 2023 and 2024.  The current aggregate annual base rent under the leases is $519,000, with annual increases ranging from 3.0% to 3.5%.  Zwanenberg Food Group d/b/a Vietti Foods Co. Inc., a manufacturer of canned meats, recently expanded its footprint at the facility to 75,000 square feet, and the lease is guaranteed by Meatpoint B.V., a Dutch food conglomerate.  Metro Carpets, LLC, which is in the carpet and flooring business and was recently acquired by Artisan Design Group, occupies the balance of the space, which is adjacent to their headquarters and showroom. Show less Read more
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