Founders Advises The Sale Leaseback of The Factory Connection Corporate Headquarters
Founders Investment Banking, LLC is pleased to announce that the sale of the The Factory Connection’s corporate headquarters and central distribution center has been completed. The 72,000 square foot office/distribution facility, located in Albertville, AL, was purchased for approximately $1.5 million dollars by the Foundation Sale Leaseback Fund I.
With the recent recapitalization of their company complete, the owners of The Factory Connection desired to capitalize on the premium value in their real estate that was created in this transaction via a long term lease . After evaluating several options for the owners, Founders Investment Banking identified the Foundation Sale Leaseback Fund I as an attractive buyer and advised it on the purchase and leaseback of the property. “Founders was able to extract value for me and my partner from both our company and our separa tely owned real estate,” stated Terry Scott, former majority owner of The Factory Connection. “They were able to carve out the property from our company and provide immediate liquidity, with the closing process only taking about 6 weeks.”