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ExchangeRight Real Estate Spends $7 Million on Net Leased Hobby Lobby Location

California Firm Secures Newly Developed Statesville Retail Bldg.
By Fabiola Ochoa
April 30, 2015 | 7:58 P.M.

Pasadena, CA-based ExchangeRight Real Estate paid slightly less than $6.65 million, or about $121 per square foot, to Venture Properties for a 55,000-square-foot retail building net leased to arts and crafts chain, Hobby Lobby.

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