CBRE Capital Markets announced that it has arranged the sale of a 63-property retail portfolio located across 15 states on behalf of Zurich Alternative Asset Management to Sansome Pacific and the Fortress Investment Group for $127 million.

The properties included in the transaction are located in: Alabama, Arkansas, California, Colorado, Georgia, Illinois, Indiana, Louisiana, Michigan, Missouri, North Carolina, Oklahoma, Tennessee and Texas.

Guy Ponticiello, Bruce Westwood-Booth, Maury Vanden Eykel, and Kyle Sals of CBRE’s Corporate Capital Markets team represented the seller, Zurich Alternative Asset Management, in the sale.

“The portfolio was encumbered by a legacy master lease on well-located restaurant properties, largely tenanted by Chili’s, On the Border and Macaroni Grill,“ said Mr. Ponticiello, managing director, Corporate Capital Markets, CBRE. “The short-term remaining lease term to an investment grade rated tenant provided an investor with near-term security of cash flow and an ability to capture future value through the restructuring and repositioning of the existing leases.”

The portfolio consists of 62 fast-casual restaurants located across 15 states and an office property in Dallas, Texas.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.