Four Corners Property Trust (NYSE:FCPT announced that it has signed a definitive agreement for the purchase of 23 outparcel properties (26 leases) from Seritage Growth Properties (NYSE: SRG) for $67.9 million. Including FCPT’s estimated capital expenditures related to leasing the final inline space at one of the multi-tenant properties, the total consideration is approximately $68.4 million.
Source: New feed