Star Equity subsidiary agrees to sell Colfax premises to DWG for $5.20 million
STRR•Star Equity agreed to sell its Colfax premises to DWG Capital Partners for $5.20 million. Subsidiary Timber Technologies will lease the premises for 20 years, with two 10-year renewal options.
1. Sale and lease terms
Star Equity said a subsidiary entered a purchase and sale agreement with DWG Capital Partners for the Colfax premises at a price of $5.20 million. Timber Technologies will enter a triple net lease for the premises with a 20-year term and two 10-year renewal options.
