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First Midwest Bank Branch Deal Signals Continued Demand For Net-Leased Assets
CoStar
In a deal that proves the demand for net-leased real estate continues to be strong, Oak Street Real Estate Capital has agreed to buy 55 First Midwest Bank branches in Chicago and Indiana, in a reported $150M sale-leaseback deal.
First Midwest Bank will lease the branches from Oak Street for the next 14 years, according to Crain's. The deal comes as First Midwest works to complete its $365M acquisition of Standard Bancshares.
