OWL - Franchise Group completes sale-leaseback of distribution centers for ~$150M
Franchise Group (NASDAQ:FRG) completed a sale-leaseback of all 3 W.S. Badcock distribution centers to the affiliates of Oak Street Real Estate Capital, a Blue Owl Capital unit, for ~$150M. The sale-leaseback of the corporate headquarters is expected to be completed by Q2-end. B. Riley Real Estate was an advisor, while Willkie Farr & Gallagher LLP was a legal counsel to the owner and operator of franchised businesses. OWL shares were trading +3.29% pre-market. Source: Press Release
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Franchise Group completes sale-leaseback of distribution centers for ~$150M