Star equity holdings announces $5.9 million sale-leaseback transaction

Old greenwich, conn., jan. 25, 2024 (globe newswire) -- star equity holdings, inc. (nasdaq: strr; strrp) (“star” or the “company”), a diversified holding company, announced today that star real estate holdings usa, inc. (“sre”), the real estate arm of the company's investments division, has entered into a sale-leaseback agreement for its south paris, maine facility. this facility will continue to be used by kbs builders, inc., star's wholly owned modular manufacturing business (“kbs”). the transaction is subject to customary due diligence and is expected to close in the first quarter of 2024.
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