Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide, is pleased to announce the successful sale-leaseback of an industrial property to an institutional buyer. The property was owned by Georgia Construction Products (the “Seller”).
The Heritage team, led by Bill Nicholson, marketed the industrial building on behalf of the Seller. In a related transaction, Heritage sold three industrial buildings in Florida to the same buyer.
The seller, David Heusel, commented “Bill Nicholson and the Heritage team did an excellent job marketing, negotiating, and closing the sale-leaseback.”
Heritage served as the exclusive financial advisor and intermediary to the Seller.
“Sale-leasebacks are an excellent vehicle for taking a static real estate asset and creating cash to be used in the company’s core business or distributed to owners who want to diversify their risk,” noted Bill Nicholson.
The terms of the transaction were not disclosed.
