Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Sale/Acquisition


