SaleNov 10, 2026, 05:36 PM
Star Equity Sells Colfax Property for $5.2M, Agrees to Leaseback
AI Summary
Star Equity Holdings, Inc. announced that its wholly owned subsidiary, 106 Bremer Avenue, LLC, has entered into a Purchase and Sale Agreement to sell real property located at 106 Bremer Avenue, Colfax, WI, to DWG Capital Partners for $5.2 million. Simultaneously, another subsidiary, Timber Technologies Solutions Inc., will enter into a 20-year triple net leaseback agreement for the same property. The company anticipates the closing to occur in the fourth quarter of 2026, subject to closing conditions. Star Equity Holdings, Inc. will guarantee the lease obligations of Timber Technologies.
Key Highlights
- Star Equity Holdings, Inc. subsidiary 106 Bremer Avenue, LLC sold real property at 106 Bremer Avenue, Colfax, WI to DWG Capital Partners for $5.2 million.
- The sale includes a leaseback agreement where subsidiary Timber Technologies Solutions Inc. will lease the property for 20 years with two 10-year renewal options.
- Timber Technologies will be responsible for all expenses under the absolute net lease agreement.
- The transaction is expected to close in the fourth calendar quarter of 2026, subject to customary closing conditions.
- Star Equity Holdings, Inc. will guarantee the lease obligations of Timber Technologies Solutions Inc.
Price Impact
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