One Liberty in $11.65M sale/leaseback deal

|About: One Liberty Properties, ... (OLP)|By:, SA News Editor

One Liberty Properties (OLP -1%) last week closed on a 258K square foot distribution facility in Maryland. The $11.65M deal brings the company's acquisitions to date to $32.86M.

It's a short-term lease, and the company expects to re-position the property after the lease ends, hoping to generate a better ROI.