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KentuckyMissouriTennesseeIndustrial

Newmark closes sale-leaseback of 1-million-square-foot industrial portfolio

August 3, 2022
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Newmark closed the sale-leaseback of AHF Products’ five-property, 1-million-square-foot industrial portfolio made up of properties across the U.S. Heartland.

Newmark’s Managing Director Briggs Goldberg, Vice Chairman Andrew Sandquist and Managing Director JC Asensio, in cooperation with local licensees, represented the seller in the transaction. Senior Financial Analyst Tyrell McGee provided support on the transaction.

AHF Products, LLC is a North American hard-surface flooring manufacturer. The properties are mission-critical industrial manufacturing and distribution facilities that are fully occupied by AHF. Driven in part by industry consolidation as well as investor demand for net leased industrial properties, AHF intends to use the proceeds from the transaction to fund future growth.

Located in Tennessee, Arkansas, Missouri and Kentucky, the five properties that make up the portfolio are subject to a long-term absolute net lease with annual rental escalations. Offering geographic diversity, the portfolio’s assets are within strategic proximity to AHF’s suppliers, allowing the company to provide efficient, low-cost manufacturing and competitive pricing for the American consumer.

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