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 the subsequent resale of the wholesale division to a much higher credit parent company.
Seagate sold this property to an institutional investor and the adjacent development site to a local developer.
Santa Rosa, CA
244,000 sq. ft.
Warehouse / R&D