Matthews Real Estate Investment Services completed the sale of a Home Depot property at 2429 S. Green Bay Road in Racine, Wisconsin.
The transaction was handled by Senior Associate Rob Goldberg and Executive Vice President and National Director Ben Snyder.
Matthews represented the seller, a national private investor, that was interested in capitalizing on the high prices in the net lease retail market. The asset is near the High Ridge Shopping Center in Racine, a multi-tenant shopping center. The largest home improvement retailer saw increased sales throughout 2020 and continued momentum in 2021.
The buyer, a publicly-traded REIT, bought the location to add to their already strong net lease portfolio. Matthews sourced the buyer and went under contract and closed in under 60 days.
