Bob Evans Farms Signs Purchase and Sales Agreements fo 145 Properties

February 26, 2016

Bob Evans Farms, Inc. announced it entered into purchase and sale agreements with National Retail Properties, LP, an affiliate of National Retail Properties, Inc. and Mesirow Realty Sale-Leaseback, Inc., providing for the sale for a purchase price of $163.4 million by Bob Evans Restaurants to NNN of a portfolio of 119 Bob Evans Restaurant properties, and the sale for a purchase price of $36.6 million by Bob Evans Restaurants to Mesirow of a portfolio of 26 Bob Evans Restaurant properties.

Each of NNN’s and Mesirow’s obligations to consummate the transactions is subject to completion of due diligence and certain customary…