properties

California: United Grocer's Warehouse - Santa Rosa

Gross Building Size: 244,000 sq. ft. + 9 acres of land

One of three distribution warehouses purchased and leased back to a regional wholesale and retail grocery chain with less than investment grade credit. Substantial value enhancement was achieved by Seagate through credit augmentation and subsequent resale of the wholesale division to a much higher credit parent company. Seagate sold this particular property to an institutional investor and the adjacent development site to a local developer.

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