Universal Logistics Holdings completed a related-party real estate swap with Lakeshore Ventures. The company sold its Kearny, New Jersey facility for $38.0 million in cash (subject to adjustments) and, in a linked transaction, acquired all membership interests of Passaic Ventures, which owns a Newark, New Jersey facility. The transactions were reviewed and approved by the company's disinterested directors, including all members of the Audit Committee. Management aims to optimize its real estate portfolio and strengthen its presence in the Newark market.
Agreement 1: Universal Logistics Holdings Sells Kearny Facility to Lakeshore for $38 Million, Receives Newark Asset
- Agreement type: Real Estate Purchase Agreement for Kearny, NJ facility sale
- Counterparty: Lakeshore Ventures
- Signed / Effective: Jun 24 2026 / Jun 24 2026
- Duration / Termination: N/A
- Reason: Optimize real estate portfolio and monetize Kearny asset
Agreement 2: Universal Logistics Holdings Acquires Passaic Ventures, Owner of Newark Facility, From Lakeshore
- Agreement type: Membership Interest Purchase Agreement for Passaic Ventures (Newark, NJ facility)
- Counterparty: Lakeshore Ventures
- Signed / Effective: Jun 24 2026 / Jun 24 2026
- Duration / Termination: N/A
- Reason: Enhance network with Newark facility via asset swap
Original SEC Filing:
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