BENDERSON ACQUIRES GROUND LEASE IN SANTA FE

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Florida-based Benderson Development is continuing to grow its real estate holdings in the West Coast and Mountain regions. The real estate company recently acquired the ground lease under Plaza Santa Fe, a 450,000-square-foot market dominate, regional shopping center on approximately 33 acres in Santa Fe, New Mexico. 

 

Located at the intersection of Cerrillos Rd., Zafarano Dr. and Rodeo Rd., Plaza Santa Fe is the first and only power center in the region. The property features the market’s only Target, Best Buy, TJ Maxx, Ross, Michaels, and Total Wine, among others.

Minutes from historic Downtown, Plaza Santa Fe is the dominate shopping center within a 50-mile radius. It’s a great asset in a great location, and we’re pleased to add this property to our expanding portfolio.”

Shaun Benderson, managing director of Benderson Development

Benderson has been aggressively growing its portfolio over the last few years. In April, the company completed a major portfolio purchase of 28 dominant Fred Meyer stores located throughout the Pacific Northwest and Alaska. The Plaza Santa Fe ground lease marks the company’s latest acquisition, with total purchases exceeding $1.5 billion within the last 24 months.  Other significant purchases include the new Pioneer Natural Resources headquarters in Dallas, TX; Thrivent Financial headquarters in Minneapolis, MN; an interest in Duke Energy’s Metro Tower in Charlotte, NC; and ground leases under the Hampton Inn Manhattan/Times Square Central, The Highland Dallas, Curio Collection by Hilton, and Willard Towers in Washington, DC.

 

Founded in 1949, Benderson Development is one of the nation’s largest privately held real estate companies. Its portfolio includes more than 800 properties totaling over 45 million square feet in 40 states. For more information, visit www.bendersondevelopment.com

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