Oak Street Real Estate Capital is acquiring the headquarters and distribution centers of retailer Badcock Home Furniture & More for $173.5 million in a so-called sale-leaseback transaction, a twist after earlier buyers decided to scrap their deal to purchase the properties.
Oak Street Strikes $173.5 Million Deal To Purchase Furniture Retailer's Headquarters, Distribution Centers
Initial Buyers Scuttled Agreement, Badcock Furniture Set To Lease Back All the Properties
By Linda Moss
CoStar News
May 27, 2022 | 9:34 P.M.
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IN THIS ARTICLE
- Properties
- 125 South Wacker Chicago
125 Wacker Dr, Chicago, IL
- Mesirow Financial Building
353 Clark St, Chicago, IL
- Companies
- Mesirow Financial
Management of Companies and Enterprises
- Franchise Group, Inc.
Rental and Leasing Services
- Badcock Home Furniture & more
Retailer