Lincoln Property Firm Advises Company Customers in Three Sale Leaseback Transactions with Mixture Worth of $47.8 Million

BOSTON– Lincoln Property Firm lately brokered three industrial sale leasebacks in Massachusetts and Florida.

“Sale leasebacks are very engaging for house owners of commercial belongings particularly in at present’s difficult financial setting. Many company house owners have discovered it more economical to monetize their actual property and deploy the capital again into their respective companies vs. conventional financing at excessive rates of interest,” stated James Tambone, Vice President at Lincoln’s Boston workplace.

• Rhino Capital Advisors acquired 3 Perkins Manner in Newburyport for $25 million. Bradford & Bigelow, one of many prime guide printers for Ok-12, homeschooling, and faith-based publishers in North America, signed a 15-year lease to stay on the 140,000 sq. foot facility. Lincoln Senior Vice Presidents Tim Latham and Rob Cronin and Vice Presidents James Tambone and Chris Devaux represented the vendor within the transaction.
• Tervis Tumblers closed on a $15.3 million sale leaseback of 201 Triple Diamond Boulevard, a 120,00 sq. foot distribution warehouse in North Venice, Florida. Lincoln represented Tervis within the sale and 10-year lease settlement, and Buligo Capital acquired the asset. Lincoln’s Tim Latham, James Tambone and Chris Devaux represented the vendor within the transaction.
• CBM Industries closed on an 8-year sale leaseback of their 34,400 sq. foot flex/manufacturing facility at 470 Structure Boulevard in Taunton, MA. The privately held firm gives contract manufacturing for purchasers within the robotics, biotech, automation, diagnostics, and semiconductor sectors. Shearwater Firms acquired the property for $7.5 million. Lincoln’s Tim Latham, James Tambone and Chris Devaux represented the vendor within the transaction.

“Our crew takes a holistic strategy to advising owner-occupier purchasers and gives different and inventive capital options that may assist the underlying enterprise obtain its core targets. From bettering the steadiness sheet, financing future acquisitions and progress initiatives or succession planning, sale leasebacks are a compelling liquidity supply,” stated Tim Latham, Senior Vice President, CCIM/MBA. “Lincoln’s Company Advisory and Options platform affords built-in companies and geographic attain with superior execution.”

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