Sale Price
Closing Date
Square Feet
Property Type
WALT
Occupancy
The Property is 100% NNN-leased to Frontier Communications (“Frontier” or “Tenant”) (NASDAQ: FTR) through September 2029. Frontier Communications is a publicly traded Fortune 500 telecommunications company providing service in 29 states.
Frontier emerged from chapter 11 bankruptcy just before the transaction closed, and now is a much stronger company with $11 billion less debt and $1 billion less annual interest expense.
The Property is 100% NNN-leased to Frontier Communications (“Frontier” or “Tenant”) (NASDAQ: FTR) through September 2029. Frontier Communications is a publicly traded Fortune 500 telecommunications company providing service in 29 states.
Frontier emerged from chapter 11 bankruptcy just before the transaction closed, and now is a much stronger company with $11 billion less debt and $1 billion less annual interest expense.