10:45 AM EDT, 09/04/2024 (MT Newswires) -- Global Net Lease ( GNL ) sold The Plant Shopping Center in San Jose, California, for $95 million and the Foster Wheeler office property in Shinfield Park, Reading, UK, for $27 million.

The buyers weren't disclosed in a statement Wednesday by Global Net Lease ( GNL ).

As of Saturday, the company closed or secured agreements for asset sales of $854 million at a cash cap rate of 7.2% to advance a strategic disposition plan, according to the statement.

Global Net Lease ( GNL ) shares rose 2.3% in recent trading Wednesday.

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