Avison Young arranged the sale of a portfolio of 16 warehouse buildings on behalf of LCN Capital Partners for $38.5 million. The properties consist of 682,000 square feet net leased to Vintage Parts in Beaver Dam and Columbus, Wisconsin. Timothy Hall, Principal based in Avison Young’s Washington D.C., office and James Hanson, Principal based in Avison Young’s Chicago office co-headed the Corporate Finance Team representing LCN Capital Partners as seller during this transaction while David Krasnoff from New York City provided guidance on acquisition debt alternatives to investors involved with the deal. A publicly traded REIT represented themselves as buyer for this portfolio sale.
Jared Ciejek from LCN Capital Partners commented: “The Vintage Parts portfolio has performed remarkably well due to our team utilizing their deep industry knowledge and network which enabled them to broadly market the property and identify an exceptional buyer.”
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