- December 2004
- 1147 Akron Road, Wooster, OH
- 1,200,000 square foot industrial building
- $15,250,000 sale price ($12.71/sq ft)
Sell the Rubbermaid world headquarters of 1,200,000 square feet and Newell-Rubbermaid would lease it back.
Newell Co. acquired Rubbermaid for $6 billion. Rubbermaid owned their headquarters, however Newell did not want to be an owner of real estate.
“Terry did an excellent job in facilitating the transaction in such a short time period.”
– Art Garcia, Director of Real Estate, Newell Rubbermaid
Terry Coyne had to put the building on the market and find a buyer within 30 days.
Coyne found a buyer and negotiated a five year sale lease back with the new owner.