Landes Group Acquires 3 Firestone Locations
The Landes Group announced today that it acquired 3 Firestone Complete Auto Care stores totaling over 24,000 square feet located in 3 states, for a total purchase price of more than $6.6 million.
"Our relationship with Bridgestone/Firestone allowed The Landes Group to precisely restructure lease terms and conditions not only to increase the longevity and viability of these certain locations, but to enhance the value of the company and help expand the Firestone brand" said Chief Investment Officer Justin Grissen.
The Landes Group is a privately real estate investment firm in Dallas, TX. They focus on the acquisitions of net leased properties from investment-grade corporate users throughout the US. They specialize in yield optimization through innovative debt and lease re-structures, sale-leaseback transactions and re-tenanting opportunities.