Press Releases May 21, 2012
Acquisition of an ALDI ground lease in Champaign, Illinois
International Capital, LLC represented a German institutional investor in the acquisition of an ALDI ground lease in Champaign, Illinois in 2012. The buyer invested in a new 20-year ground lease with various extension options on a 2.5 acre tract directly in front of a Wal-Mart Supercenter in an excellent retail location. The Germany based grocery discounter ALDI has been operating in the US since the mid-1970s and has grown its store fleet to more than 1,000 locations in 31 states from Kansas to the East Coast.
The German investor was looking for a long-term credit investment in a sustainable retail location and purchased the ALDI ground lease as a stabilizing factor within a larger real estate portfolio.
The cash transaction closed within a month from Letter of Intent. International Capital’s Martina Crevecoeur, Vice President Acquisitions/Dispositions represented the purchaser.
ABOUT INTERNATIONAL CAPITAL, LLC
International Capital, LLC is a boutique real estate advisory firm with over 35 years experience representing more than 100 legal entities in its capacity as asset manager and as property manager. The company handles a portfolio of more than 20 properties in the southwestern United States. Offering a wide range of commercial real estate services, specialties include the acquisition, disposition, management and administration of commercial investment properties. Land and property development, funds conception, mezzanine financing and cash management are also integral parts of the company’s portfolio.