The Long Term Strategy On a 6 Building Portfolio Purchase
- Weston completed a $60 million sale/leaseback transaction from Goodyear Tire and Rubber Company.
- The transaction comprised of 6 buildings totaling 1.5 million square feet in California, Georgia, Maryland, Michigan, Texas, and Utah.
- Weston was able to negotiate staggered lease expirations over a 4 year period thus allowing us to re-tenant and re-establish each building individually.
- Weston held true to its strategy to re-establish and sell 4 of the 6 buildings for their upside potential. The other 2 buildings remain in the portfolio today.