Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Midwest  + Industrial  | 

Newmark Completes AHF Products’ 1M-SF Sale-Leaseback

Newmark arranged the sale-leaseback of AHF Products’ five-property, 1.0-million-square-foot industrial portfolio comprising properties across the U.S. heartland. Buyer and sale price weren’t disclosed. 

Chicago-based managing director Briggs Goldberg, vice chairman Andrew Sandquist and managing director JC Asensio, in cooperation with local licensees, represented the seller, a leading North American hard surface flooring manufacturer that fully occupies the properties in Tennessee, Arkansas, Missouri and Kentucky under long-term absolute net leases. Senior financial analyst Tyrell McGee provided support. 

“Despite uncertainty in the marketplace and growing concerns of a recession, this portfolio garnered extensive interest from numerous institutional sale leaseback investors,” said Goldberg. Amid the turbulence of the past 90 days, “we maintained a competitive environment, which allowed us to hold the buyer to originally agreed upon terms.” 

Driven by industry consolidation and investor demand for net leased industrial properties, AHF intends to use proceeds from the sale to fund future growth.

Pictured: AHF facility in Warren, AR. Photo courtesy of Newmark. 

Connect

Inside The Story

Newmark's Goldberg

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

  • ◦Sale/Acquisition