Milwaukee, WI – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of a Home Depot property located at 2429 S. Green Bay Road, Racine, WI. The transaction was handled by Senior Associate Rob Goldberg and Executive Vice President and National Director Ben Snyder.
Matthews™ represented the seller, a national private investor, who was interested in capitalizing on the high prices in the net lease retail market. The asset is near the High Ridge Shopping Center in Racine, a multi-tenant shopping center. The largest home improvement retailer saw increased sales throughout 2020 and continued momentum in 2021.
“Home Depots are very hard to source with their investment-grade credit and a strong balance sheet,” Goldberg said. “Our client had a great opportunity to sell, take advantage of the increased demand, and close efficiently for a great price.”
The buyer, a publicly-traded REIT, bought the location to add to their already strong net lease portfolio. Matthews™ sourced the buyer and went under contract and closed in under 60 days.
“Our strong relationship with both the buyer and seller allowed us to manage the deal from start to finish without any challenges,” Snyder said. “It’s our goal to find the best investment solutions available and this deal left both parties satisfied and on track for their long-term investment goals.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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