SpotSee Concludes Sale-Leaseback Transaction

SpotSee, an internet of things service provider, struck a sale-leaseback deal with Graham, TX’s Economic Improvement Corp. When the dust settled, the city ended up with ownership of the 44,833-square-foot facility at 510 Corporate Dr. in Graham.

Stream Realty Partner’s Todd Noonan represented the seller/tenant in the deal, indicating that the transaction keeps the company in the city of Graham by allowing it to occupy the building. “We helped acquire and construct the building in 2006,” he said. “The property has served SpotSee’s needs well.”

SpotSee divested two non-core businesses to focus on its main business of monitoring products and services and mitigating damage, in customers’ supply chain and operations. The deal allowed the tenant to scale back its operations and provided the city, located in North Central Texas, with a facility to help recruit more businesses and jobs.

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