AIC Ventures Acquires the Facilities of Integra Printing, Inc. in Grand Rapids, MI.AUSTIN, Texas -- AIC AIC Association des Infermières Canadiennes. Ventures announced today that it has completed a sale leaseback A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner. transaction with Integra Printing, Inc. Integra Printing is a leader in printing, digital communications Transmitting text, voice and video in binary form. See communications. and turnkey fulfillment programs. The transaction includes Integra's corporate headquarters in Grand Rapids, Michigan “Grand Rapids” redirects here. For other uses, see Grand Rapids (disambiguation). Grand Rapids is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 197,800. . AIC Ventures' real estate fund, NL Ventures VI, acquired the property and simultaneously entered into a long term absolute net lease with Integra. The asset encompasses 165,000 square feet of office and manufacturing space. Marcus and Millichap Real Estate Investment Services represented the seller, and arranged the transaction. Peter Carlsen, President of AIC Ventures, said, "We are pleased to have completed this transaction as it enabled Integra to unlock the full value of its real estate. AIC Ventures is committed to becoming the first company people think of when looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. integrity and performance in the sale leaseback market place. We see tenant relationships as a critical component to our success, and we look forward to a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" association with Integra." Gavin McDowell of Marcus and Millichap Real Estate Investment Services said, "This was a transaction where both groups benefited. Integra was looking to expand and grow in a changing industry and was looking to pull out capital tied up in its brand new state of the art facility. AIC was able to recognize Integra's needs and performed quickly on this transaction allowing Integra to move forward without delay. Once again, AIC lived up to its impeccable im·pec·ca·ble adj. 1. Having no flaws; perfect. See Synonyms at perfect. 2. Incapable of sin or wrongdoing. [Latin impecc reputation as a sound partner in a Sale Leaseback transaction." AIC Ventures is a leading provider of capital to middle-market companies. With over $700 million in completed transactions, AIC Ventures structures innovative corporate finance solutions for companies facing limited, short-term or expensive alternatives for capital. The company has closed more than 67 transactions in 25 states. Whether sellers need to close quickly, have private equity interests, environmental or other challenges, AIC Ventures can help. For more information, please visit www.AICVentures.com. Those interested in receiving future updates on AIC Ventures via e-mail can register at www.aicventuresmedia.com. |
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