Benderson grows footprint to 40 states with Montana purchase

An East Manatee County real estate owner, developer and property investor is now in 40 states, thanks to its latest acquisition. Benderson Development acquired a freestanding Walgreens in Missoula, Montana, expanding its national footprint to include the Treasure State. 

Financial terms of the sale were not disclosed.

Walgreens at 2527 N. Reserve St. in Missoula, Montana, is the latest in a series of acquisitions by University Park-based Benderson, which reports it is actively growing its portfolio. Currently, the 75-year-old company oversees more than 1,000 properties.

Since the beginning of the year, Benderson acquired North River Marketplace in Venice, a 51-acre site for a mixed-use development; Glengary Shoppes in Sarasota, anchored by Barnes & Noble and Best Buy; Monarch Ranch, a 3,400-acre industrial development site in Wildwood; Linton Commons in Delray Beach; and two Trader Joe’s stores in Columbia, South Carolina, and Asheville, North Carolina. It also purchased Carrillon Place in Naples, a 250,000-square-foot open-air shopping center with TJ Maxx and Walmart, the Business Observer reported in June.