STREAM Arranges $16.82 Million Sale Leaseback of Industrial Facility in Buffalo Grove, IL
CHICAGO, IL – January 6, 2020 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the $16.82 million sale and leaseback of an industrial facility in Buffalo Grove,IL.
The facility is occupied by Safco Dental Supply Company (“Safco”), a national distributor of consumable dental supplies that has been in business for over 74 years. The subject facility is a mission-critical asset for the company.
A REIT acquired the property and simultaneously entered a long-term lease with Safco.
Chelsea Mandel and Phil DiGennaro of STREAM Capital Partners represented the seller on the transaction.
Mandel said of the transaction, “This was a great outcome for both our client and the buyer. The buyer added to its diversified portfolio a high-quality, mission-critical, well-located, industrial asset leased on a long-term basis to a creditworthy tenant. Our client is happy with the outcome and is able to use the proceeds from the sale leaseback to pay down a portion of the company’s debt and continue funding corporate growth.”