August 27, 2008
Columbus Nova Real Estate Acquisition Group and REEF I have acquired, through two sale-leaseback transactions, two light manufacturing facilities from Roberts-Gordon LLC and its affiliates.Columbus Nova Real Estate Acquisition Group and REEF I have acquired, through two sale-leaseback transactions, two light manufacturing facilities from Roberts-Gordon LLC and its affiliates. The properties include a 155,000 square foot facility in Orlando, FL and a 116,000 square foot facility in Buffalo, NY. Along with the acquisitions, REEF I entered into long-term leases with Roberts-Gordon.
Roberts-Gordon is a market-leading manufacturer of climate and environmental control systems which primarily reside and operate in industrial sites such as aircraft hangers, loading docks, green houses, warehouses, auto body shops and showrooms. Roberts-Gordon is a portfolio company of Eastport Partners and The Brookside Group.
Columbus Nova wishes to thank the management of Roberts-Gordon and the company's financial partners for this successful transaction.
May 09, 2008
Acquisition of a 108,000 square foot cold storage and food processing facility from a third party in Forest Park (Atlanta), GA. Simultaneously entering into a long-term lease with Filet of Chicken.Columbus Nova Real Estate Acquisition Group and REEF I have acquired, through a sale-leaseback transaction, a 108,000 square foot facility located in Forest Park, GA. Along with the acquisition, REEF I entered into a long-term lease with Filet of Chicken.
Filet of Chicken is a processor and distributor of chicken products serving customers and food service end markets. Filet of Chicken is a portfolio company of Creo Capital Partners, a private equity firm with expertise in the food industry.
Columbus Nova wishes to thank the management of Filet of Chicken and Creo Capital for this successful transaction.
December 19, 2007
Columbus Nova Real Estate Acquisition Group makes additional charitable contributions for 2007Columbus Nova Real Estate Acquisition Group and the Real Estate Equity Fund I continue a tradition of charitable giving in lieu of lucities or advertising to commemorate closed transactions. This year, as in the past, Columbus Nova has focused its giving on non-profits serving the educational and health care needs of adolescents. Contributions from Columbus Nova and the management team were made to the Council for Children’s Rights, The North Carolina Outward Bound School, Community Health Services and the Juvenile Diabetes Research Foundation. The Council for Children’s Right’s is an advocacy organization based in Charlotte, NC which represents “at risk” children and their families in Mecklenburg County. They work primarily in areas of special education, abuse and neglect, mental health, custody, domestic violence and juvenile justice. It is the largest organization of its kind within the US. http://www.cfcrights.org/
The North Carolina Outward Bound School is a member of Outward Bound USA. The school offers survival and wilderness programs to teens as well as adults. In addition to teaching wilderness skills, the school hopes to inspire personal growth through their challenging, adventure-based learning experience. http://www.ncobs.org/ Community Health Services provides affordable, accessible and high quality health care for uninsured, underinsured and those lacking access to health care. Community Health Care has been providing preventative health care for children and adults in Charlotte since 1955. http://www.chs-nc.org/
Juvenile Diabetes Research Foundation’s new billion-dollar global campaign, “From Research to Reality: The Campaign to Accelerate the Cure for Diabetes” is intended to step up the transformation of research into treatments and interventions that can soon benefit people with Type 1 diabetes. http://www.jdrf.org/
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October 25, 2007
Acquisition of a 357,000 square foot distribution facility located within the Elmwood Industrial Park in Harahan (Jefferson Parish), Louisiana. Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired a 357,000 square foot distribution facility located at 1420 Sam's Avenue, Harahan (Jefferson Parish), Louisiana. The facility is in the heart of the Elmwood Industrial Park, which is the premier industrial/distribution location for metropolitan New Orleans. The property is fully-occupied on a net-basis by five tenants: FEMA, Northrop Grumman, Shelter Distribution, Economical Janitorial Paper and Supply and Unistar Plastics.
Columbus Nova wishes to thank Eustis Mortgage, Atlanta South and Sher Garner Cahill Richter Klein and Hilbert LLC for this successful transaction.
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October 01, 2007
Acquisition a 140,000 square foot light manufacturing and office facility from a third party in Miamisburg, OH. Simultaneously entering into a long-term lease with SourceLink LLC.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired a 140,000 square foot light manufacturing and office facility from a third party in Miamisburg, OH. Simultaneously, CRAG entered into a long-term lease with SourceLink LLC, a full service direct marketing company.
SourceLink LLC is a portfolio company of Summit Investment Partners and Silver Point Capital.
Columbus Nova wishes to thank the management of SourceLink LLC, Summit Investment Partners and Silver Point Capital for this successful transaction.
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August 15, 2007
Acquisition of a newly constructed manufacturing facility of Metal Systems Inc., through a sale-leaseback transaction. Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired, through a sale-leaseback transaction, a newly constructed manufacturing facility of Metal Systems Inc. (“MSI”) The 110,000 square foot facility, located in Houston, TX is used in the manufacture and distribution of operating centers that house and protect switchgear and control equipment for the energy sector. MSI has manufactured this equipment since 1968 and is the market leader in its industry segment. MSI is a portfolio company of RFE Investment Partners. Columbus Nova wishes to thank the management of MSI, RFE, Harpeth Capital, and Trestle Capital for this successful transaction. Download PDF
August 02, 2007
Acquisition of a 106,000 square foot manufacturing facility from a third party and entrance into a long-term lease with Aerosol Specialties.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired a 106,000 square foot manufacturing facility from a third party and entered into a long-term lease with Aerosol Specialties, a Canton, GA-based contract manufacturer and filler of aerosol and liquid products. Simultaneous with the real estate transaction, Aerosol Specialties was acquired by Morris Capital Management, a special situations private equity firm based in Chattanooga, TN. Columbus Nova wishes to thank the management of Aerosol Specialties and Morris Capital for this successful transaction. Download PDF
June 28, 2007
Acquisition of the principal manufacturing facilities of Pro Line Printing, Inc.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired, through a sale-leaseback transaction, the principal manufacturing facilities of Pro Line Printing, Inc. (“Pro Line”). The four facilities are located in Pineville, NC; Avon, CT; Arlington, TX and Reno, NV. The facilities total approximately 500,000 square feet of manufacturing space and are used for commercial printing. Pro Line Printing was founded in 1999 and has grown rapidly to become one of the preeminent printers of inserts and circulars. Pro Line has a blue chip customer base and operates the most modern equipment in the industry. The Company is closely-held and based in Irving, TX. Columbus Nova wishes to thank the management of Pro Line Printing, Amegy Bank and Merrill Lynch for this successful transaction.
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June 14, 2007
Acquisition of the principal manufacturing facility of Ajax Rolled Ring and Machine. Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired, through a sale-leaseback transaction, the principal manufacturing facility of Ajax Rolled Ring and Machine (“Ajax”). The 147,976 square foot facility, located in York, South Carolina, is used in the manufacture and distribution of forged metal rings used in a variety of heavy industrial industries. The agreement provides for additional capital to accommodate the facility’s expansion. Ajax is a market leader in its industry segment. Information about Ajax can be found at http://www.ajaxring.com/. Ajax is owned by Dogwood Equity and management. Founded in 2001, Dogwood Equity is the manager of the North Carolina Economic Opportunities Fund. Columbus Nova wishes to thank the management of Ajax, Harbinger Mezzanine, Fifth Third Bank and Dogwood Equity for this successful transaction. Download PDF
June 01, 2007
Acquisition of the principal manufacturing facility of Metal Systems Inc.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired, through a sale-leaseback transaction, the principal manufacturing facility of Metal Systems Inc. (“MSI”) The 164,000 square foot facility, located in Chattanooga, TN, is used in the manufacture and distribution of operating centers that house and protect switchgear and control equipment for the energy sector. MSI has manufactured this equipment since 1968 and is the market leader in its industry segment. MSI is a closely-held company. Columbus Nova wishes to thank the management of MSI and Harpeth Capital for this
successful transaction. Download PDF
February 23, 2007
Acquisition of a 241,000 square foot distribution facility in the Atlanta Hartsfield Airport warehouse submarket.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund are pleased to announce the acquisition of 13-16 Overmyer Way, a 241,000 square foot distribution facility in the Atlanta Hartsfield Airport warehouse submarket. Current Tenants include Gemiare, a subsidiary of Watsco Inc., Atlanta Storage (d/b/a PODS), and Leggett and Platt. This acquisition represents the first in Columbus Nova’s expanded “Value-Add” platform, which focuses on acquiring vacancy in major metropolitan markets. Columbus Nova wishes to thank Atlanta South Commercial Properties, Inc., Southeast Management Company, Bryant Commercial Real Estate and Grubb and Ellis for this successful transaction Download PDF
December 02, 2006
Columbus Nova Real Estate Acquisition Group makes charitable contributionsColumbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have made charitable contributions to the Council for Children’s Rights and the North Carolina Outward Bound School (NCOBS) Palestinian Israeli Unity Project. In addition, members of the management team have also contributed directly to these causes. The donations carry on a tradition of charitable giving in lieu of lucites or advertising to commemorate closed transactions. The Council For Children’s Rights is an advocacy organization based in Charlotte, NC which represents “at risk” children and their families in Mecklenburg County. It is the largest organization of its kind in the US. The NCOBS Palestinian Israeli Unity Project is a program established by NCOBS and Breaking the Ice which brings Palestinian and Israeli students together in the mountains of North Carolina. The program focuses on interactions that will allow the participants to become agents of change when they return home. Additional information about both of these fine organizations is available at www.councilforchildreninc.org and www.ncobs.org. Download PDF
December 01, 2006
Closing on $100 million credit facility with Anglo Irish Bank.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund are pleased to announce that they have closed on a $100 million credit facility with Anglo Irish Bank. The facility will be used to refinance existing portfolio investments and will provide additional capital for future acquisitions Anglo Irish Bank is a €95 billion commercial bank that focuses exclusively on commercial real estate. Based in Dublin, the bank has offices in Boston, Chicago and New York. Columbus Nova wishes to thank the management of Anglo Irish Bank and the law firms of Helms Mulliss & Wicker and Riemer and Braunstein LLP for this successful transaction. Download PDF
November 03, 2006
Acquisition of the principal distribution facility of Blackhawk Logistics"Blackhawk" is a third-party logistics company based in Charleston, SC. The five-hundred thousand square foot facility, located in Hanahan, South Carolina, has half of the public rail doors in North Charleston and is strategically located near the North Charleston Container Terminal and I-526. Blackhawk is a portfolio company of Milestone Partners LLC.With offices across the Southeast, Milestone specializes in early stage middle market debt and equity investments. Columbus Nova wishes to thank the management of Blackhawk Logistics and Milestone Partners LLC for this successful transaction. Download PDF
September 13, 2006
Acquisition of the principal manufacturing facility of American Furniture Manufacturing Inc.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired, through a sale-leaseback transaction, the principal manufacturing facility of American Furniture Manufacturing Inc. AFM's 1 million square foot facility, located in Pontotoc, MS, is used in the manufacture and distribution of upholstered furniture. AFM has manufactured furniture since 1998 and is the market leader in its industry segment. American Furniture Manufacturing is a portfolio company of Hampshire Equity Partners and Hunt Private Equity Group Columbus Nova wishes to thank the management of American Furniture Manufacturing Inc., Hampshire Equity Partners and Hunt Private Equity Group for this successful transaction.
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August 15, 2006
Acquisition of the principal manufacturing facility of Trantech Radiator Products Inc.Columbus Nova Real Estate Acquisition Group and The Real Estate Equity Fund have acquired, through a sale-leaseback transaction, the principal manufacturing facility of Trantech Radiator Products Inc Trantech's 127,000 square foot facility, located in Edgefield, South Carolina, is used in the manufacture of radiators sold to the electric utility industry. Trantech has manufactured radiators since 1932 and is the market leader in its industry. Trantech Radiator Products Inc. is a portfolio company of Buckingham Capital Partners LLC. Buckingham seeks to make equity investments in US-based lower middle-market manufacturing companies. Columbus Nova wishes to thank the management of Trantech Radiator Products, Inc. and Buckingham Capital Partners for this successful transaction.
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July 15, 2006
Stephen Pandos Joins CRAG Columbus Nova Real Estate Acquisition Group is pleased to announce that Stephen J. Pandos has joined the firm as a Managing Director, effective July 15. Mr. Pandos will manage the Group’s real estate acquisition and portfolio management functions. He joins the firm from Helix Financial where he was a Senior Underwriter. Columbus Nova Real Estate Acquisition Group is part of Columbus Nova LLC, a $2 billion fund manager based in New York, Loas Angeles and Charlotte, NC. The Real Estate Acquisition Group is based in Charlotte and is the manager of the Real Estate Equity Fund, which focuses on corporate real estate, principally sale-leaseback and mortgage financing. Download PDF
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