Des Moines, Iowa-based Hurd Real Estate has acquired four Hy-Vee grocery stores and four Hy-Vee Fast & Fresh convenience stores in two states.
The deal increases Hurd’s Hy-Vee portfolio to 31 grocery stores and 21 convenience stores in seven states.
Hurd Real Estate has worked on sale-leaseback agreements with several national and regional companies. These transactions allow companies to increase financial flexibility, while still giving the seller operational control of their facilities.
