Hy-Vee Sells 6 MN Locations in Leaseback Deals Totaling More than $88M

Kelly Busche, Minneapolis / St. Paul Business Journal Retail & FoodService February 14, 2022

Hy-Vee Inc. has sold six of its Minnesota properties in leaseback deals that total more than $88 million.

Oak Brook, Illinois-based The Inland Real Estate Group of Cos. Inc. bought the locations in January from the West Des Moines-based grocery chain, according to public filings with the Minnesota Department of Revenue.

Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, confirmed in an email that Inland acquired a total of six Hy-Vees in the state. Information about five of the properties is publicly available, but details on the sixth property was not yet public as of Tuesday.

To read the rest of the story, please go to: Minneapolis / St. Paul Business Journal

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