Star Equity agrees to $5.2M Wisconsin property sale

Q: What price did STRR agree for the Colfax property?

The agreed purchase price is $5.2 million for the property at 106 Bremer Avenue in Colfax, Wisconsin, sold by 106 Bremer Avenue, LLC to DWG Capital Partners, LLC. Net proceeds to the property owner will be reduced by transaction commissions and expenses.

Q: When is the STRR property sale expected to close?

Star Equity anticipates closing in Q4 2026, subject to customary closing conditions and contingencies. Closing is scheduled within 30 days after the due diligence period expires, with each party allowed one extension of up to 30 days and DWG an additional extension of up to 15 days; closing may occur after Q4 2026.

Following closing, Timber Technologies will continue operating at the Colfax premises under a lease guaranteed by Star Equity.

Available on EDGAR 11/10/2026 - 05:30 PM EST Accepted by SEC EDGAR 11/10/2026 - 05:30 PM EST

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Form Type

8-K

Rhea-AI Filing Summary

Star Equity Holdings, Inc. agreed through wholly owned subsidiary 106 Bremer Avenue, LLC to sell its real property at 106 Bremer Avenue in Colfax, Wisconsin, to unaffiliated buyer DWG Capital Partners, LLC for a $5.2 million purchase price. Net proceeds to the property owner will be reduced by transaction commissions and expenses. At closing, Timber Technologies Solutions Inc., another wholly owned subsidiary and current occupant, is to lease the property back from DWG or its permitted assignee under a single-tenant triple net lease.

The lease begins when executed and ends on its 20th anniversary, unless earlier terminated or extended through two renewal periods of 10 years each. It is structured as an absolute net lease: Timber Technologies generally pays insurance, maintenance, utilities, taxes and other associated expenses, and Star Equity guarantees Timber Technologies’ lease obligations. Closing is anticipated in Q4 2026, subject to customary conditions and contingencies, but may occur after that quarter. DWG may terminate for any reason or no reason before the due diligence period expires. Closing is scheduled within 30 days afterward, with each party permitted one extension of up to 30 days and DWG an additional extension of up to 15 days, plus other extensions under the agreement.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Purchase price: $5.2 million Lease term: 20 years Renewal periods: Two periods +4 more

7 metrics

Purchase price $5.2 million Agreed price for the Colfax property

Lease term 20 years Term ends on the 20th anniversary of execution unless earlier terminated or extended

Renewal periods Two periods Each renewal period is for an additional 10 years

Renewal period length 10 years each Two renewal periods under the lease

Anticipated closing Fourth calendar quarter of 2026 Subject to customary closing conditions and contingencies

Party closing extension Up to 30 days Each party may extend closing once

Additional DWG closing extension Up to 15 days DWG may extend closing once

Key Terms

single-tenant triple net lease, absolute net lease, due diligence period, monetary liens

4 terms

single-tenant triple net lease financial

"under a commercial single-tenant triple net lease"

absolute net lease financial

"The Lease is structured as an absolute net lease"

An absolute net lease is a rental agreement where the tenant is responsible for virtually all property expenses—including taxes, insurance, maintenance and repairs—so the landlord receives a nearly guaranteed stream of rent without routine property costs or management duties. For investors, that stability acts like a long-term annuity: it reduces operating risk and makes cash flow more predictable, but also limits upside from cost savings or property improvements.

due diligence period technical

"before expiration of the due diligence period"

The due diligence period is a set window of time after a deal is announced when buyers, investors or lenders closely check financial records, contracts, operations and risks before finalizing the transaction. Like the inspection and paperwork stage before buying a house, it matters to investors because issues found during this time can change the price, the terms, or lead to walking away, directly affecting the investment’s value and risk.

monetary liens financial

"release of all monetary liens on the Colfax Premises"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What price did STRR agree for the Colfax property?

The agreed purchase price is $5.2 million for the property at 106 Bremer Avenue in Colfax, Wisconsin, sold by 106 Bremer Avenue, LLC to DWG Capital Partners, LLC. Net proceeds to the property owner will be reduced by transaction commissions and expenses.

When is the STRR property sale expected to close?

Star Equity anticipates closing in Q4 2026, subject to customary closing conditions and contingencies. Closing is scheduled within 30 days after the due diligence period expires, with each party allowed one extension of up to 30 days and DWG an additional extension of up to 15 days; closing may occur after Q4 2026.

What are the leaseback terms for STRR’s Colfax property?

Timber Technologies is to lease the property back from DWG or its permitted assignee under a single-tenant triple net lease. The term ends on its 20th anniversary, unless earlier terminated or extended for two renewal periods of 10 years each. Timber Technologies generally pays insurance, maintenance, utilities, taxes and other associated expenses, and Star Equity guarantees its lease obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 9, 2026

Star Equity Holdings, Inc.

(Exact name of registrant as specified in charter)

Delaware

001-38704

59-3547281

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

53 Forest Avenue, Suite 101

Old Greenwich, CT 06870

(Address of Principal Executive Offices)

Registrant's telephone number, including area code (203) 489-9500

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value	STRR	The NASDAQ Stock Market LLC
Series A Preferred Stock, $0.001 par value	STRRP	The NASDAQ Stock Market LLC
Preferred Share Purchase Rights

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 1.01.			Entry into a Material Definitive Agreement.

Purchase Agreement

On November 9, 2026, 106 Bremer Avenue, LLC ("Property Owner"), a wholly owned subsidiary of Star Equity Holdings, Inc. (the "Company") entered into a Purchase and Sale Agreement (the "Colfax Purchase Agreement”) with DWG Capital Partners, LLC (“DWG”), an unaffiliated third party, pursuant to which the Property Owner agreed to sell certain real property located at 106 Bremer Avenue, Colfax, WI ("Colfax Premises") to DWG, for a purchase price of $5.2 million, subject to the terms and conditions of the Colfax Purchase Agreement. The net proceeds to be received by the Property Owner from the Colfax Purchase Agreement will be reduced by transaction commissions and expenses incurred in connection with the sale.

Simultaneous with the consummation of the Colfax Purchase Agreement, Timber Technologies Solutions Inc. ("Timber Technologies"), a wholly owned subsidiary of the Company and current occupant of the Colfax Premises, will enter into a commercial single-tenant triple net lease (the “Lease Agreement”) with DWG, or its permitted assignee, as landlord, pursuant to which Timber Technologies will lease back the Colfax Premises for a term commencing upon the execution of the Lease Agreement and ending on the 20th annual anniversary thereof, unless earlier terminated or extended for two renewal periods for an additional 10 years each in accordance with the terms of the Lease Agreement. The Lease is structured as an absolute net lease pursuant to which Timber Technologies will generally be responsible for insurance premiums, maintenance, utilities, taxes and other expenses, associated with the Colfax Premises. The Company will guarantee the obligations of Timber Technologies under the Lease Agreement.

The Company anticipates that the closing of the Colfax Purchase Agreement, including the execution of the Lease Agreement will occur in the fourth calendar quarter of 2026, subject to the satisfaction of certain customary closing conditions and contingencies for transactions of this type. DWG may terminate the Colfax Purchase Agreement for any reason or no reason before expiration of the due diligence period, as provided in the Colfax Purchase Agreement. Closing is scheduled to occur within 30 days after expiration of that period, subject to each party’s right to extend closing once for up to 30 days and DWG’s additional right to extend closing once for up to 15 days, and other extensions expressly provided in the Colfax Purchase Agreement. Accordingly, closing may occur after the fourth calendar quarter of 2026. Such contingencies include satisfactory title and insurance commitment, satisfactory survey review, environmental condition review, the Buyer’s ability to obtain appropriate financing, release of all monetary liens on the Colfax Premises, and satisfaction of other due diligence items as set forth in the Colfax Purchase Agreement. Following the closing, Timber Technologies will continue to operate its business from the Colfax Premises pursuant to the Colfax Purchase Agreement and Lease Agreement.

The foregoing summary of the Colfax Purchase Agreement is qualified in its entirety by reference to the full text of such agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1, and which is incorporated by reference.


Item 2.03			Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.


ITEM 9.01.			FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

EXHIBIT INDEX


10.1			Purchase and Sale Agreement of 106 Bremer Ave, Colfax , WI, dated as of November 9, 2026, by and between 106 Bremer Avenue LLC and DWG Capital Partners.

104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.


STAR EQUITY HOLDINGS, INC (Registrant)

By:	/s/ MATTHEW K. DIAMOND
	Matthew K. Diamond
	Chief Accounting Officer

	Dated:	November 10, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 100.8 KB