Founders Investment Banking, LLC is pleased to announce that it has successfully advised on the disposition of three net leased properties, all located in Huntsville, Alabama, that currently serve as the corporate headquarters and design/production facilities for Chandler/May, Inc. (“CMI”), an aerospace and defense company specializing in computing systems for the modern battlefield. The properties were sold as part of a modified sale leaseback transaction by J&J Properties, LLC, whose ownership group includes Jesse May and Jay Chandler, who are also executives for and owners of Chandler/May, Inc. The purchaser is a subsidiary of Koch Development, a well capitalized, diversified real estate development and investment firm based in St. Louis.
“We have been very happy with the results that Founders has delivered on our behalf. The firm has been an extremely valuable advisor as Jay and I have charted our personal and corporate financial futures,” noted Jesse May. “Given the dual focus on real estate and corporate finance, their team is uniquely positioned to understand our needs, and their experience and expertise helped position our real estate to realize its full value at the right time for us.We were very pleased to produce this result for Jesse and Jay,” added Andy Sink, Managing Director of Founders’ Real Estate Practice. “The market for good properties in strong markets remains robust despite the current uneasiness in the broader economy. Additionally, this transaction and our previous work with Chandler/May is evidence of the holistic approach we take to our clients’ total portfolio of assets, whether it be commercial real estate or ownership in private companies.