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AMCOLPressRelease9-24-08

CRIC CAPITAL ACQUIRES AMCOL CORP OFFICE AND RESEARCH LAB IN NET LEASE TRANSACTION

CRIC Capital Purchases 72,000 square-foot To-be-Built Facility in Chicago Suburb

 

BOSTON — CRIC Capital, LLC, one of the nation’s leading investors in net leased and other credit real estate, announced the acquisition of a 72,000 square-foot office and research lab to be built for AMCOL International Corp. headquartered in Arlington Heights, IL.  This property is net leased back to AMCOL, an international minerals producer.

AMCOL already owned the 7-acre parcel and had started construction on the two-story building which is expected to be ready for occupancy by fall 2008.  Designed by the international architectural and design firm Gensler, the eco-friendly facility will include a green roof along with water and energy conservation features, and will overlook surrounding natural wetlands.

The $33.5 million, 20-year base lease term agreement included mortgage financing by RBS Greenwich Capital.  CRIC has an exclusive relationship with RBS, enabling CRIC and RBS to offer credit lessees both the real estate investment capital and the debt capital market services they need.

"This project is very exciting on many levels." said Marcy Axelrad, Principal of CRIC Capital, LLC.  "Not only are we pleased to help with a Green Project, but our collaboration with RBS enabled AMCOL to create their new headquarters and laboratory facility without using operational capital."

About AMCOL International Corp.

AMCOL is a leading international producer and marketer of value-added, specialty minerals and related products.  The company's products serve 12 major markets, including metalcasting, detergents, pet products, building materials and personal care. AMCOL operates a transportation segment that acts as a servicing operation for other business segments and outside customers.

Headquartered in Arlington Heights, IL, AMCOL operates 68 facilities in Asia, Australia, Europe and North America.  Established in 1927, the publicly traded company employs 1,750+ employees in more than 26 countries, and had $744.3 million in 2007 net sales.  For more information, visit www.amcol.com.

About RBS Greenwich Capital

RBS Greenwich Capital, the U.S. capital markets arm of RBS Global Banking & Markets, is a leading institutional fixed income firm providing the full range of banking and debt capital markets services to major corporations and financial institutions.  Established in 1981, the firm is a perennial industry-leader in the U.S. treasury, agency and mortgage backed securities markets, and in providing real estate and asset-backed financing.

About CRIC Capital, LLC

CRIC Capital, LLC, a privately-held firm backed by the deep institutional resources of Prudential Real Estate Investors, acquires and net leases individual assets and portfolios of commercial real estate to investment grade and non-investment grade companies, including both corporate and franchisee credits.  Net lease transactions allow corporations and organizations to strengthen their financial positions and free up capital to reinvest in their core business.   Over the years, the Principals of CRIC Capital have been actively involved in closing over $6 billion of net lease transactions.

 

Contact:
Victoria Nessen Kohlasch
CRIC Capital, LLC
617-388-9862
vkohlasch@nessenkohlasch.com


CRIC Capital, LLC, - One Exeter Plaza, Boston, Massachusetts 02116 - Tel: 617.303.4400 - Fax: 617.303.4440