Recent Sale-Leaseback transactions

BioMed Realty Trust has acquired five buildings comprised of about 218,000 square feet located at 9704-9714 Medical Center Drive in Rockville, MD as part of a $53M sale-leaseback with The J. Craig Venter Institute (JCVI). JCVI will  will lease back their headquarters building in a 10 year renewable term from BioMed. 05.10

HSBC closed a sale-leaseback of its tower for $350M at 452 Fifth Avenue in New York City.  04.10

Sallie Mae completed a sale-leaseback of its 221,326 square foot headquarters in Reston, Virginia for $68 million in an all-equity transaction. The asset was developed in 2004 for Sallie Mae as a single tenant building. Other terms of the sale-leaseback include Sallie Mae leasing the entire building for three years and 55 percent of the space for an additional seven years. 03.05.10

Claire's Stores Inc. received $18.06M in a sale-leaseback of its twenty-eight acre headquarters.  Claire's is paying about $2.1M in annual rent for the 527,661 square foot building at a cap rate of eleven percent.  Annual rent increases are the higher of two percent or CPI.  03.03.10

Susser Holdings Corporation (Nasdaq: SUSS) reported that during the fourth quarter, the Company generated $16.8 million in proceeds from sale-leaseback transactions for seven recently constructed stores. For the full year, Susser completed sale-leaseback transactions totaling $24.8 million. The Company has already started its 2010 new store financing program by funding $5.8 million of sale-leaseback transactions and a favorable $10 million long-term mortgage loan transaction. 02.26.10

Brookfield Real Estate Opportunity Fund has acquired a 16-Property, 2.9-Million Sq. Ft. Portfolio from JPMogran Chase through various sale-leaseback transactions. As part of the transactions, JPMorgan Chase is leasing back approximately 60% of the space in the portfolio on a long-term basis. The portfolio includes four properties that are 100% net leased to JPMorgan Chase. The other properties include an 800,000-square foot office tower and a 650,000-square foot office campus/data center.  02.20.10

Ballard Office Systems concluded a sale-leaseback of its headquarters for $19.5M.  The executed lease agreement has a fifteen year base term.  02.19.10 

Eroski Sociedad Cooperativa, the third largest Spanish grocer, finished sale-leasebacks of twenty-nine retail stores for $104M.  02.19.10

Nova Machine Products Inc., a subsidiary of Curtiss-Wright Corp., finalized a sale-leaseback of its headquarters, factory and another building for $9.6M.  The headquarters building was 100,000 square feet.  02.18.10

Imagine Schools, Inc. completed a sale-leaseback of seven charter schools for $61M located in five states.  Triple net master lease.  02.16.10

Forbes Media's 144,000 sf accomplished a sale-leaseback of its headquarters with New York University.  Price was $55M and it closed in January of 2010.  Five year lease (atypical).

Landes Investment Group, Inc. (the “Landes Group”), a privately held real estate investment and development company, announced today that it has acquired through sale-leasebacks transactions a total of 313 CVS pharmacy properties valued at $1.375 billion. The acquisition of the properties, located in 33 states, came via three separate deals in 2009, the last of which was completed in mid-December 2009.

Mori Seiki Co. Ltd., located in Hoffman Estates, Illinois, finished a sale-leaseback of its headquarters. 12.09.09

Tesco completed sale-leasebacks for fifteen retail stores and two distribution centers totaling 2.7M square feet for $819M. 10.05.09 

Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) concluded a sale-leaseback of its 126,000 square foot headquarters/outlet store/recycling facility located in St Louis, Missouri, for $4.7M.  09.25.09

YRC Worldwide Inc. finalized sale-leasebacks for most of its real estate priced around $351M. The leases had at least ten years of base terms.  This consists of more than a few transactions and is a simple summary.  05.09

New York Times concluded a sale-leaseback of most of its headquarters for $225M part of which includes a fifteen year base lease term.  03.10.09

Haverty Furniture Cos. Inc.(NYSE: HVT and HVT.A) in Charlotte, North Carolina, accomplished a sale-leaseback of its 48,235-square-foot building and 4.5-acre lot $6.9 million. 03.09

Home Depot raised about $59M in a sale-leaseback transaction selling two of their distribution centers totaling about 1.32M square feet.  2008 

Lifetime Fitness finalized sale-leasebacks totaling $163M by selling four of their fitness centers. 2008

David Zacharia           DZ Realty, LLC

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The representations contained within this website are provided based on information DZ Realty, LLC deems accurate. However, DZ Realty, LLC does not guarantee the reliability of the information. Principals and their agents are advised to perform an independent and comprehensive examination of any properties they are interested in acquiring described within this website prior to acquisition.