With another beneficial real estate opportunity for two new Grease Monkey locations in Illinois and Wisconsin, Northstar continues its effort to serve corporations nationwide.
DENVER, Feb. 26, 2015 — Northstar Commercial Partners announced today another acquisition for Grease Monkey International, one of the nation’s largest franchisors of automotive preventative maintenance centers. With over 290 locations throughout the world, the purchase of the two buildings in Illinois and Wisconsin facilitates further expansion for Grease Monkey and adds to Northstar’s national presence.
“We are always looking for creative ways to innovate as we grow and build relationships,” Founder and CEO, Brian Watson, said. “This latest strategic partnership confirms our investment and continued ability to meet the real estate needs of individual corporations like our friends at Grease Monkey.”
Northstar already has a record of proven success with Grease Monkey. In 2013, eleven properties were purchased by Northstar to help grow the company by 10%. This latest acquisition consists of two oil/lube facilities which were purchased on February 18, 2015. Each location will be re-branded to the Grease Monkey concept, including new building paint, signage, and interior finishes to match their colors, branding and image. The properties are located in excellent, high-identity areas in Janesville, WI and Bolingbrook, IL.
For years, Northstar has been a leader in acquiring vacant and distressed commercial real estate, as well as purchasing property for and from national corporations. This has built strong trust and ushered in a host of new clients and partnerships. Northstar is always expanding their efforts to serve individual corporations nationwide with beneficial real estate opportunities that provide real estate expertise and profit participation for companies, without the hassle of owning or tying up their capital in facilities.
Watson emphasized his confidence in the acquisition coupled with optimism for the future: “Our goal is unchanging – In all our transactions, we strive to build community, create jobs, and empower people,” Watson said. “Real estate just happens to be the platform that we use to make a positive impact in society. Fostering this particular relationship will continue to uphold our vision here at Northstar, while bringing lasting benefit to Grease Monkey as they grow their business model.”
About Northstar Commercial Partners: Founded in 2000 by Brian Watson, Northstar is a privately held commercial real estate investment company headquartered in Denver, Colorado. Northstar acquires and operates attractive commercial real estate opportunities throughout the nation and orchestrates all aspects of the investment from initial concept through to completion.
Northstar has purchased assets from a multitude of Fortune 500 companies including, but not limited to: Shell Oil Co., GE, Columbia House, Ball Corporation, Loomis, Cargill and a national portfolio of real estate from The Benjamin Moore Paint Co., plus many individual assets from other owners, lenders and companies.
Kyle Forti, (719) 377-0646, firstname.lastname@example.org