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Chicago & Midwest  + Greater Chicagoland  + Retail  |  September 18, 2020
Paul Bubny
By: Paul Bubny

Crash Champions Portfolio Trades in SLB

Cushman & Wakefield managing director Jack Chang executed a $30-million sale-leaseback of a multi-shop Crash Champions property portfolio in the Greater Chicago region. Crash Champions, an auto body collision and paint repair company, is based in Chicago with operations in Illinois, California and Ohio.

“We had the honor and privilege to work with Crash Champions on their growth strategy through this recapitalization transaction,” said Chang.

Chang provided guidance on deal structure and leveraged his relationships with a large pool of qualified buyers to provide the seller with the best terms and guarantee of close. “In any deal but more so in this current environment, communication and confidence in the deal is very important,” he said. “By presenting a compelling property story for buyers, we procured multiple competitive offers and were also able to execute on the portfolio with pre-COVID pricing for the seller.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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