 |
| Camille Renshaw |
NEW YORK, NY (March 27, 2013) – In a transaction that
highlights how corporations are leveraging sale-leaseback transactions for
growth, Stan Johnson Company, one of the nation’s premier net lease brokerage
firms, has structured the sale-leaseback of a portfolio of American Forest
Products properties totaling $13,807,000.
American Forest Products is the leading provider of
third-party logistics and retail services, in conjunction with the sale of
moulding and specialty millwork, into big-box retail and pro-dealer locations,
such as Home Depot.
Camille Renshaw, CCIM, of Stan Johnson Company
represented the seller, American Forest Products, and the buyer, a private
equity fund. The portfolio included
five industrial properties, totaling +/- 575,000 square-feet, with properties
located within California, South Carolina, and Virginia.
Under the terms of the deal, AFP agreed to a lease term of
21 years as the single tenant within each property under an absolute net,
master lease. A unique component of the
transaction is the seller’s attractive buyback clause in year five, which gives
it the necessary capital for growth today, coupled with ongoing control of all
its sites.
“Every detail of the sale-leaseback had to be specially
managed to create a strong growth path for American Forest Products,” said
Camille Renshaw. “Ultimately, the
seller was able to pay off debt and expand its credit revolvers for immediate
and expansive new business growth.”
For a complete copy of the company’s news release, please
contact
David Ebeling
Ebeling Communications
(949) 278-7851
No comments:
Post a Comment