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Meek’s Lumber Completes 41-Property, 4-State Sale-Leaseback
A portfolio of 41 mission-critical, distribution centers and commercial assets was sold and leased back by Meek’s Lumber and Hardware. The portfolio totals more than two million square feet, and is spread across California, Nevada, Missouri and Arkansas.
HFF’s Nick Foster, Coler Yoakam, Michael George and Jules Sherwood marketed the portfolio on behalf of the seller. An unnamed public real estate investment trust purchased the portfolio for an undisclosed amount.
The portfolio mainly consists of distribution assets with a retail component, but other product types included manufacturing facilities, a design center and the headquarters office building in Springfield, MO.
A second closing for an additional set of properties is set for the fourth quarter of 2018. The sale-leaseback coincided with the sale of the company itself to a private equity sponsor, Angeles Equity Partners.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
- ◦Lease




