C&S Raises $150 Million in Warehouse Sale-Leasebacks

KEENE, N.H. -- C&S Wholesale Grocers here has sold four warehouses to an Illinois real estate company from which C&S will lease the spaces back. Inland American Real Estate, Oak Brook, Ill., purchased facilities in Westfield, Mass.; North Hatfield, Mass.; South Hatfield, Mass.; and Aberdeen, Md., from C&S or affiliated companies, Inland said in a government filing. C&S will rent back the space, around 1.7 million square feet overall, at rates between $4 and $7 per square foot.