CHESAPEAKE, VA. — Family Dollar has received $455.7 million in financing for its national distribution center portfolio, which totals 7.1 million square feet across eight properties. Wells Fargo led the group that provided the floating-rate debt, which will be used to refinance existing loans.
An entity doing business as 1959 RE Holdings LLC, which acquired Family Dollar from Dollar Tree Inc. in 2025, is the borrower. The organization is a Delaware limited liability company that is controlled and partially owned by affiliates of Brigade Capital Management and Macellum Capital Management,
Virginia-based Family Dollar occupies the entirety of the portfolio on a long-term, triple-net master lease. The distribution network serves roughly 7,100 Family Dollar retail stores nationwide. Family Dollar has maintained operations at the properties for an average of 22 years.
Built between 1997 and 2013, the facilities range in size from 832,000 to 907,000 square feet, with clear heights ranging from 30 to 42 feet.
The portfolio benefits from access to major transportation corridors, and each distribution center is within reach of more than 123 million people within a 12-hour drive, on average.
Christopher Peck, Christopher Pratt and Alex Staikos of JLL Capital Markets led the debt origination efforts on behalf of Family Dollar.
“This financing underscores the liquidity in secured commercial real estate lending, offering private-equity-owned companies an attractive alternative way to raise capital,” says Peck.
— Hayden Spiess