Wharton Columbia Net Lease Partners has been formed to acquire and manage single tenant commercial properties, subject to net leases (properties were tenants are responsible for the payment of all or most of operating expenses and maintenance).
The principals of the company have acquired over 200 net lease properties during the last 25 years with an aggregate value exceeding $800 million. Tenants have included drug store chains (Walgreens, CVS), big box retailers (Sam Warehouse, Home Depot), grocery stores (Stop N Shop), and State agencies. Total equity deployed has been in excess of $200 million, with a default rate (i.e., loss of equity) of less than 1%.
Headquartered in Hackensack, New Jersey, the company is a joint venture with an affiliate of NAI James E. Hanson, a commercial brokerage and leasing firm founded in 1955. Through its affiliation with the national NAI network, as well as long-standing relationship with owners, the firm has access to extensive proprietary deal flow. Additionally, as a developer of over 50 shopping centers, Hanson has strong relationships with a wide range of retailers.