NAI Hiffman Arranges $17.1 Million Sale-Leaseback Transaction for Young Innovations, Inc. in Illinois and Missouri

Young Innovations, Inc. HQ building, 2260 Wendt Street, Algonquin, IL

Patrick J. Sullivan

OAKBROOK TERRACE, IL — NAI Hiffman, the largest independent real estate services firm in the Midwest, announced it has completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment. 

The assets, which sold for $17.1 million, include the company’s 95,000-square-foot headquarters building at 2260 Wendt St. in Algonquin, Illinois, as well as the firm’s three manufacturing and distribution facilities totaling 117,400 square feet in Earth City, Missouri, a suburb of St. Louis.

Young Innovations will maintain operations at all properties under a 20-year lease with the buyer, New York-based New Mountain Net Lease.

“Through sale-leaseback transactions, companies like Young Innovations are able to capitalize on strong pricing without any disruption to their business, in many cases reinvesting proceeds to support future growth,” said Pat Sullivan, executive vice president of NAI Hiffman’s Capital Markets Group. “These transactions also provide the steady, predictable returns that many investors seek.”

Ryan Chambers

The sale, brokered by Sullivan and Ryan Chambers, vice president of NAI Hiffman’s Capital Markets Group, marks the sixth single-tenant sale-leaseback transaction executed by the firm’s Capital Markets Group over the past 24 months. Together, they comprised 16 assets across seven states that, collectively, were valued at nearly $120 million.

CONTACTS:

 Patty Cronin, pcronin@taylorjohnson.com, (312) 267-4513

Gretchen Muller, gmuller@taylorjohnson.com, (312) 267-4511

www.hiffman.com.