Hy-Vee Grocery Store Sells for $10,480,000

Hy-Vee Grocery Store Sells for $10,480,000

Investors Realty has sold the HyVee Grocery Store located at 10808 Fort Street for $10,480,000.  The Seller was a California-based partnership and VEREIT Inc. was the Purchaser.  Ember Grummons, CCIM represented the Seller and worked with HyVee to extend their lease to increase the property value prior to bringing the property to market.  The sale closed 48 days after execution of the Purchase Agreement.