Location: Ohio
Supply Chain Network Reconfiguration and Monetization
Challenge:
- Sale-Leaseback of a 536,049 single-tenant, industrial building in Montreal’s Pointe-Claire industrial park
- Sale-Leaseback of a 567,552 single-tenant, industrial building in Zanesville, Ohio
- Sale-Short Term Leaseback (to facilitate exit) of a 353,310 Warehouse/Office building
in Pasadena, California
Solution:
- Engaged consultants and brokerage community to understand value in the locations and
developed strategies for each asset - Identified potential investor in this kind of property (REITs, Institutional, Private Investor)
- Negotiated terms of the leaseback including building maintenance responsibilities
Results:
- Successful marketing campaign led to multiple bids for each property
- Closed transaction quickly with above market sales and favorable lease-back terms
- Executed the strategy over an 18-month period, with net sales proceeds of $116 Million
to support ongoing Company investments