MIAMI, FL – United Trust Fund (“UTF”) announced the purchase and leaseback of two Class “A” office properties, including Belk’s headquarters. The buildings total 473,600 square feet on 42 acres in Charlotte, North Carolina.
Belk, Inc. is the largest privately held department store company with 306 stores located in 16 states. “Belk was able to inject new low cost capital to remodel their stores and enhance their balance sheet” said Fred Berliner, Senior Vice President and Director of Acquisitions of UTF.
When today’s companies want to access capital, they call United Trust Fund, one of the nation’s leading real estate investment firms specializing in sale-leaseback transactions. Whether you are a corporate real estate executive, own your own corporate real estate or are engaged in developing, we can help you achieve your sale-leaseback goals in a manner that is fast, cost efficient and uncomplicated.
Contact: Fred Berliner, Senior Vice President
701 Brickell Ave. 13th Floor, Miami, FL 33131-2851 Telephone (305) 358-7711 Fax (305) 358-4002
