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Fischer & Company Negotiates California Aerospace Industry Lease and Asset Sale

Fischer & Company recently represented an aerospace client in a two-part transaction involving a manufacturing facility in Hawthorne, California with more than 3 million SF of space. The sale-leaseback transaction allowed our client to generate significant capital from the sale proceeds of its surplus real estate while maintaining very favorable terms and conditions for the ensuing lease.

The transaction, totaling over $70 million, reflected several million dollars in annual savings over the lease period. “The aggressive terms and conditions we negotiated on behalf of our client also resulted in subsequent assignments for Fischer & Company,” stated Jeff Kernochan, SIOR and Los Angeles Office Managing Director.  “We achieved a rental rate 50% below fair market value for the lease term and option periods.  Fischer & Company was subsequently hired to assist with the redevelopment of the surplus property as well as  sell the asset as a leased investment.”

About Fischer & Company
Founded in 1985, Fischer & Company is a leading corporate real estate firm with expertise in consulting, brokerage and technology solutions. We act as strategic advisors to our clients, offering unique transaction methodologies as well as a proprietary technological platform. The integration of these services enables our clients to aggressively reduce real estate costs and maximize operational efficiencies. Services include portfolio management, strategic planning, acquisitions, dispositions, transaction and construction management, capital markets and sale-leasebacks. At Fischer, we focus on tenant representation, only advising and working with corporate real estate users.  We never advise landlords and avoid any conflict of interest.

For more information call 972.980.6110.