VEREIT's fee-based development program seeks opportunities to partner with businesses in vital markets across the country. The project is managed from start-to-finish by our fee-based development partner or your preferred developer.
Fee Development Project Example
- Tenant: Family Dollar
- Building Type: Portfolio of 25 Single-Tenant Retail Stores
- Location: Four States
- Partner: Boos Development
- Square Feet: 212,000
- Purchase Price: $50.3 Million
- Closed: August 2013
VEREIT acquired a Family Dollar portfolio through a fee development agreement with Boos Development. Boos Development constructed the properties to lease to Family Dollar and sold them to VEREIT upon completion of construction.