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Matthews Completes Home Depot Sale in Racine

Matthews Real Estate Investment Services completed the sale of a Home Depot property at 2429 S. Green Bay Rd., Racine, WI. The transaction was handled by senior associate Rob Goldberg and EVP and national director Ben Snyder. 

Goldberg and Snyder represented the seller, a national private investor 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.  

“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 its already strong net lease portfolio. Matthews sourced the buyer and went under contract and closed in under 60 days. 


Inside The Story

Matthews' Goldberg

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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