Ritter Communications Strikes Sale-Leaseback Deal with Haag Brown
Ritter Communications “We are really proud of our corporate headquarters building here in Jonesboro,” Ritter Communications President Alan Morse said. “We plan on being here for a long time, and our new 20-year lease with Haag Brown reflects that. However, the capital invested in…
Ritter Communications
“We are really proud of our corporate headquarters building here in Jonesboro,” Ritter Communications President Alan Morse said. “We plan on being here for a long time, and our new 20-year lease with Haag Brown reflects that. However, the capital invested in the building wasn’t generating any direct return for our shareholders. This sale-leaseback transaction allows us to free up that capital to invest in further network expansion and services.”
“This partnership demonstrates the progressive approach we’re taking to development in Northeast Arkansas,” Brown said. “We are more than a retail development firm. Our team supports and develops a thriving business community in innovative ways. On a more personal note, being a Marked Tree native where Ritter Communications originated, makes the partnership very meaningful to me.”
By George Jared with
Talk Business & Politics
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May 15, 2019