Douglas Dynamics has struck a $50 million deal on a sale-leaseback on seven of the company's facilities to shore up its balance sheets.
Under the agreement, the commercial truck attachments firm will have multiple options. The initial lease is for 15 years, but it can opt for renewal with two separate 10-year exercises.
While the properties were not specified by Douglas, they are located in the following cities and states: Huntley, Illinois, Manchester, Iowa, Rockland, Maine, Madison Heights, Michigan, and Milwaukee, Wisconsin.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
