10:58 AM EDT, 07/19/2024 (MT Newswires) -- Star Equity Holdings ( STRR ) said Friday that Star Real Estate Holdings USA, the real estate business of its investments division, has completed two sale-leaseback deals for net proceeds of about $8.3 million.

Star Real Estate sold its manufacturing facility in South Paris, Maine, for about $5.6 million and a supply center and lumber yard facility in Big Lake, Minnesota, for about $2.7 million, Star Equity ( STRR ) said.

Star Equity ( STRR ), through its wholly owned subsidiaries, entered a 20-year lease agreement for the South Paris facility, with the right to extend the lease for an additional 20 years, and a 15-year lease deal for the Big Lake facility, with the right to additional 10-year lease extension, the company said.

Shares of Star Equity ( STRR ) were down 3.1% in recent trading.

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