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