Agreement signedPublished 25 Jan 2024

SP Capital Partners LLC /
Star Real Estate Holdings USA, Inc.

Star Equity Holdings to Sell South Paris Facility to SP Capital Partners

Buy side: SP Capital Partners LLC
Buy sideSP Capital Partners LLC
Target: Star Real Estate Holdings USA, Inc.
TargetStar Real Estate Holdings USA, Inc.
Source · 25 Jan 2024Source-verified
Buy side: SP Capital Partners LLC
Buy sideSP Capital Partners LLC
Target: Star Real Estate Holdings USA, Inc.
TargetStar Real Estate Holdings USA, Inc.
01 / BuyerSP Capital Partners LLC
02 / TargetStar Real Estate Holdings USA, Inc.
Source-verified
01

What happened

Star Real Estate Holdings USA, Inc. entered into a sale and leaseback agreement with SP Capital Partners LLC for its South Paris facility. The transaction is valued at $5.9 million and is expected to close in the first quarter of 2024.

A wholly owned subsidiary will lease the facility for 20 years, with the right to extend for up to an additional 20 years. KBS Builders, Inc. will continue to operate there.

02

The source

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01
Source · Original source

Star Equity Holdings to Sell South Paris Facility to SP Capital Partners

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03

Timeline

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  1. Expected close

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  2. Published by the source

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