Northstar Facilitates Grease Monkey Expansion
March 31, 2015—Northstar Commercial Partners announced Wednesday another major acquisition for Grease Monkey International. Northstar purchased six properties in the Atlanta area for Grease Monkey facilities, giving one of the nation's largest franchisers of automotive preventative maintenance centers more than 290 U.S. locations.
In 2013, Northstar purchased 11 Grease Monkey properties to help grow the company by 10 percent. 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.
"This is more than just another real estate acquisition," Northstar founder and CEO Brian Watson said. "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. 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. Northstar acquires and operates attractive commercial real estate opportunities throughout the U.S. 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.