TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
February 1, 2024
Source: A&G Real Estate Partners
|
A&G Accepting Offers for Below-Market Industrial Lease in Sacramento
-- Flexible, long-term lease of a Rite Aid warehouse and distribution center hits the market in connection with financial restructuring of nation’s third-largest drugstore chain. |
|
PHILADELPHIA, January 31, 2024 —A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced that it is now accepting offers for the sale and assignment of a flexible, below-market lease for a large warehouse and distribution center in Sacramento, pending approval by the U.S. Bankruptcy Court for the District of New Jersey. The 513,067-square-foot facility is located at1755 East Beamer Street in Woodland, California. This property is situated approximately 20 miles northwest of downtown Sacramento and 10 miles west of Sacramento International Airport (SMF), providing easy access to all points of the compass. “With its favorable terms and below-market rent structure, this net lease represents a tremendous opportunity for a wide array of industrial real estate users and third party logistics companies to acquire long term control over a flexible and cost effective distribution facility servicing the West Coast,” saidEmilio Amendola, Co-President of A&G Real Estate Partners and leader ofA&G’s Real Estate Sales division. The industrial facility boasts ceiling heights of 35 to 55 feet, 110 dock doors with loading on two sides, abundant car and trailer parking, and convenient access to major highways. The lease offers:
The lease commenced on Jan. 12, 2021, and continues until Jan. 11, 2041, with annual 2.15% rent increases. “These are incredibly favorable lease terms given the hockey stick-shaped demand that we have seen for industrial real estate in recent years, especially in major West Coast distribution hubs such as Sacramento,” Amendola noted. “This facility is located directly off of I-5, which runs through Woodland and provides great North-South access,” saidJoe McKeska, a Principal with A&G. “Additionally, the site is very close to State Route 113, which connects Woodland with I-80, providing strong East-West access. It’s a very strong location for a warehouse and distribution facility.” In connection withits financial restructuring, Rite Aid isworking collaboratively with its financial stakeholders to optimize its real estate footprint, reduce its debt and better position its business for long-term success. For additional details, please visithttps://www.agrep.com/rite-aid and/or contact Emilio Amendola, (631) 465-9507,emilio@agrep.com; Joe McKeska (708) 769-5039,jmckeska@agrep.com; Mike Matlat, (631) 465-9508,mike@agrep.com. ####
Media Contacts: At Jaffe Communications, Elisa Krantz, (908) 789-0700,elisa@jaffecom.com. |
