DENVER, March 31, 2015 /PRNewswire/ -- Northstar
Commercial Partners announced today another major acquisition for
Grease Monkey International, with a six property expansion in the
Atlanta, Georgia area.
Grease Monkey, one of the nation's largest franchisors of
automotive preventative maintenance centers with over 290
locations, will utilize its partnership with Northstar to engage
its business growth and further invest in local Atlanta communities.
"It is truly exciting to see continued, successful involvement
with our friends at Grease Monkey," Northstar Founder and CEO,
Brian Watson, said. "Every one of
our past experiences in assisting Grease Monkey across the nation,
has brought with it positive results for their business as well as
lasting change for the areas where these properties are located. I
am fully confident our Atlanta
partnership will continue this trend."
The Atlanta-based acquisition
is another time Northstar has successfully met real estate needs
for Grease Monkey. In 2013, 11 properties were purchased by
Northstar to help grow the company by 10%. Just last month, an
additional two facilities were secured by Northstar for new Grease
Monkey locations in Illinois and
Wisconsin. This latest acquisition
brings the total to 19 assets.
For years, Northstar has been a leader in acquiring vacant and
distressed commercial real estate, as well as purchasing real
estate 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 value participation for
companies, without the hassle of owning or tying up their capital
in facilities.
Watson emphasized the strong impact Grease Monkey's increased
presence in Atlanta will have:
"This is more than just another real estate acquisition. At
Northstar, we seek to build long-term relationships with those who
seek to bring good to local communities."
"This latest opportunity with Grease Monkey in Atlanta will repurpose and reestablish
foreclosed properties and make them productive once again," Watson
concluded. "This will create local jobs, build infrastructure, and
open up exciting prospects for local residents and neighborhoods
where these facilities are located."
Founded in 2000 by Brian Watson, Northstar Commercial
Partners is a privately held commercial real estate investment
company headquartered in Denver,
Colorado. Northstar acquires and operates attractive
commercial real estate opportunities throughout the United States 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: Shell Oil Co., GE, Columbia House, Ball
Corporation, Loomis, Cargill and a national portfolio of real
estate from Benjamin Moore Paint Co., in addition to many
individual assets from other owners, lenders and companies.
To learn more about Northstar's positive community impacts, or
to contact Northstar to build a strategic partnership for real
estate, please visit www.NorthstarCP.com or www.BrianWatson.us.
Contact: Kyle Forti
(719) 377-0646
kyle.forti@gmail.com
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SOURCE Northstar Commercial Partners