NORTHFIELD PARK -- MGM Growth Properties has reached an agreement to buy Northfield Park's Hard Rock Rocksino.
The $1.06 billion deal is expected to close during the second half. The deal will be financed with a cash and debt mixture, according to a news release.
MGP plans to retain ownership of the property at an annual rent estimated between $50-60 million.
The Rocksino opened in December 2013. The 200,000 square-foot space features more than 2,300 video lottery games and a music and entertainment venue.