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Net Leasing, Ground Leasing & Sale-Leaseback Transactions

Portfolio acquisitions and /or sales on behalf of our clients include:

Branch Banking and Trust Co.: Sale of eight BB&T bank branches in Alabama, Florida and Georgia

Macaroni Grill: Sale of 38 Romano's Macaroni Grill restaurant parcels in 12 states

CVS: Acquisition of 15 CVS stores in 10 states

Boscov's Department Stores: Fee and leasehold acquisition and leaseback of eight department stores in New Jersey, Pennsylvania and Maryland valued at more than $150 million in a tri-party transaction among our clients, Federated Department Stores and Boscov's Department Stores

Georgia Pacific Corp.: 38 industrial properties in 26 states valued at more than $169 million in a sale-leaseback transaction with Georgia Pacific Corp. and Unisource Worldwide Inc.

A&P: 19 properties consisting of shopping centers, warehouses and freestanding stores in five states, valued at more than $200 million

Sovereign Bank: 127 bank branches and office buildings in five states valued at more than $330 million. The financing was via a 144A public-style bond offering.

Beckman Coulter: 18 buildings with office, lab, warehouse, assembly and light manufacturing space, in three states, valued at $285 million. In addition to our client's conventional financing (which was securitized post-closing), this transaction included a par-forward yen-to-U.S. dollar cross-currency swap to provide Beckman with a 20-year off- balance sheet hedge to its yen revenue exposure.

Colonial Bank: Acquisition and leaseback of 31 bank branches in five states valued at more than $75 million

Other portfolio sale-leaseback transactions the firm has handled include the following companies:

Ford Motor Co.
Home Depot
K-Mart
Wal-Mart Stores Inc.
Raley's Supermarkets
Winn-Dixie
Rite Aid Corp.
PetSmart
Academy Outdoors & Sports
Pace Membership Warehouse
Tops Markets
Randall's Supermarkets
Circuit City
Comp USA
Fleming Companies Inc.
Dick's Sporting Goods

The firm has also represented clients in acquiring numerous single-asset properties on a sale-leaseback basis, including the following tenants:

Kodak
J. Sainsbury
Royal Ahold
Shaw's Supermarkets
Star Markets
Federal Express
Sears, Roebuck & Co.
Alabama Gas Co.
Indiana Gas Co.
Bridgestone/Firestone
PETCO
Black & Veatch
CVS
Streamline.com
Thermo Electron Corp.