28 Jan Strategic Coordination Drives a Successful Net Lease Sale

Posted at 07:56h in Results by ELIFIN® 0 Comments

ELIFIN®’s Adrien Foley and Brady Becker, represented both parties on the sale of the auto repair property at 2118 Kenner Ave in Kenner, LA.

Challenge

This transaction involved a net lease sale with multiple sophisticated parties. The tenant, Gerber, is a national credit tenant, and the buyer, Agree Realty, is a publicly traded REIT. As a result, the deal required navigating multiple layers of corporate bureaucracy, with both the buyer and tenant conducting meticulous reviews of every lease provision.

The complexity of the process required lease amendments, negotiated concessions, and careful coordination among all parties to keep the transaction moving forward.

Strategy

To manage the complexity of the transaction, Adrien and Brady worked collaboratively, dividing responsibilities for communication and follow-ups with the buyer, tenant, attorneys, and all other parties involved throughout the due diligence process.

They also made it a priority to keep the seller informed at every stage, clearly explaining the purpose of the lease amendments and concessions while reinforcing how each decision ultimately strengthened his position and protected his long-term interests.

Result

Through coordinated execution and diligent communication, the transaction successfully closed. The seller walked away with ample proceeds to support his retirement, while the buyer expanded its existing portfolio in the greater New Orleans area with a high-quality, net-leased asset backed by a national credit tenant.