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Press Release: Alliance Transacts Wickes Lumber Portfolio and HQ Office

Location

Alliance Capital
Vernon Hills, IL
The Alliance Capital Global Locations: UNITED STATES

Total Transaction Value

18.5 million dollars

Chicago – Alliance Team One completed a portfolio disposition in multiple marketplaces – 237m for Wickes Lumber, Inc. at its HQ Office Vernon Hills, IL headquarters.
The Limited Partnerships assembles through Alliance and Bradley has completed the 25 year sale leaseback of the headquarters facility and the US regional headquarters besides the corporate owned and affiliate site and properties for Wickes Lumber. Representing the company was Alliance Capital and Jim Hopwood, CFO representing Wickes as selling entity.
The remaining sites around the Midwest and US were sold to partnership entities which including warehousing, production, and retail/wholesale sites throughout the US.
Article By Barons, NEWSWEEK