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Agree Realty starts three development projects

Oct. 05, 2016 4:12 PM ETAgree Realty Corporation (ADC) StockBy: Stephen Alpher, SA News Editor
  • Among them, Agree (NYSE:ADC) has begun redevelopment activities on a now-vacant Boynton Beach, FL property, and signed a new 15-year lease with a home improvement retailer to occupy the entire building upon completion. Total cost is $4.5M, and rent is expected to begin in Q3 of 2017.
  • The company also closed on a 12.9 acre parcel in Georgetown, KY where it plans to develop a 30.7K square-foot building for Camping World. Total cost is $8.5M.
  • Agree also recently closed on a land parcel in Hamilton, MT where construction has begun on a Burger King. Total cost is $1.5M.

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