CHICAGO, IL – January 24, 2018 – STREAM Capital Partners, LLC, a national net lease and sale leaseback advisory group, recently represented the buyer and seller in the $11,500,000 sale and leaseback of The Dixie Group in Saraland, Alabama.
The 422,240 square-foot industrial property serves as a mission-critical facility for The Dixie Group, which has been in business for nearly 100 years and is one of America’s fastest-growing manufacturers and distributors of floor covering products to the residential and commercial markets.
The lease is structured as an Absolute NNN with a 20-year term upon commencement with periodic increases and The Dixie Group’s corporate guarantee. Adam English, Adam Baxter, and Sebastian Geoffrion of STREAM Capital Partners represented both the buyer and seller on the transaction.
“We sourced a private, high-net-worth buyer for our first sale leaseback with The Dixie Group,” said English.
English continued, “This sale leaseback is an integral aspect of the Company’s profit improvement plan that was implemented in 2018, and we worked closely with The Dixie Group’s CFO to help achieve the Company’s goals.”