The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SACRAMENTO NEWS
Printer-friendly Version   Email an Associate
DST Customer Communications Collects $129 Mil from Sale/Leaseback of Its 1.4 msf Portfolio

12/09/15

DST Customer Communications recently completed a complex sale-leaseback transaction valued at $129 mil. The 1.4 msf portfolio contains modern light-manufacturing warehouse space, distribution and office space. It consists of four facilities located in the key North American markets of El Dorado Hills, CA, South Windsor, CT and Kansas City, MO. The Canadian facility is located in Ontario, Canada.

Oak Street Capital, a private equity real estate firm based in Chicago, purchased the U.S. facilities. Additionally, the Canadian facility was purchased by an investment division of Scotiabank, Canada’s third-largest financial institution.

DST Customer Communications signed long-term absolute net leases at each of the facilities and will continue to utilize each to support mission-critical operations. The firm deploys print, digital and archive documents for clients and customers at some of the largest companies in the world.

Colliers marketed the portfolio on behalf of the seller, DST Customer Communication, a wholly owned subsidiary of DST Systems (NYSE:DST). The Colliers team working on the transaction was led by Managing Directors Bret Hardy, Tom Abbott, Rick Putnam and Bryan Johnson.

“DST executed on its long-term strategic vision to monetize four of its most core facilities and utilize the proceeds to expand its global operations,” Hardy said. “In structuring the leaseback arrangements, not only did DST achieve its objectives, but the new owners were able to achieve immediate net-leased investment scale, and each has a wonderful long-term tenant in truly state-of-the-art manufacturing and distribution facilities. This is a win for all parties involved.”






Return to the Archive page
 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media