AUSTIN, Texas, Sept. 11, 2014 /PRNewswire-iReach/ — AIC Ventures, a private real estate investment fund manager, has acquired a 75,000 square foot industrial facility in Alpharetta, Georgia developed by Scannell Properties. The facility was a build-to-suit project for Samuel, Son & Co., the largest family-owned metals processor and distributor in North America. AIC Ventures closed the acquisition upon completion of construction and commencement of the long-term lease with Samuel, Son & Co. Scannell Properties was represented by Stan Johnson Company.

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“AIC’s goal, in any transaction, is to be a dependable partner to the seller. During construction of the facility, we were able to keep our timelines elastic in order to deal with the inevitable adjustments that come along with real estate construction. We are happy to have closed this transaction and been a partner to Scannell Properties and Samuel, Son & Co. We look forward to future opportunities to team up again,” stated Luis F. Medina, Managing Partner – Acquisitions.

Ralph Shiley, Partner and Managing Director of Scannell Properties, stated: “AIC remained flexible during construction, and they showed up at the closing table honoring the same terms we had agreed upon in the commitment letter. There is not much more you can ask for from a buyer.”

The transaction was arranged by Jim Gibson of the Stan Johnson Company: “Structuring build-to-suits with a forward purchase commitment has more than its share of challenges. AIC Ventures proved to be a steadfast partner, collaborating with all parties to resolve issues as they arose and see the project through to a successful completion.”

About AIC Ventures

AIC Ventures is a leading provider of capital to middle-market companies via real estate sale leasebacks and also acquires existing net-leased investment property. With over $1.2 billion in completed transactions, AIC’s capital helps companies strengthen their balance sheets, fund growth initiatives, and generate liquidity at an attractive cost. The company has closed 159 transactions in 32 states. For more information, visit www.aicventures.com.

About Scannell Properties

Scannell has experience in the development of buildings of all types, sizes and locations. Whether we are developing an office park, education or government facility, we’re focused on creating a solution that matters to your business. For more information, visit www.scanellproperties.com.

About Samuel, Son & Co.

Samuel, Son & Co. offers end-to-end solutions in the distribution, transportation, processing and manufacturing of metals and industrial products. Founded in 1855, Samuel is the largest family-owned metals processor and distributor in North America. For more information, visit www.samuel.com.

About the Stan Johnson Company

With the largest collaborative team in the single-tenant, net lease industry, we offer acquisition, disposition, pricing advisory and 1031 exchange services to a wide range of clients: office, industrial, medical and retail developers, institutional REITs, pension funds, corporations, and high-net worth individuals. For more information, visit www.stanjohnsonco.com.

Media Contact: Kelly Summers, AIC Ventures, 512-382-8926, kellysummers@aicventures.com

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SOURCE AIC Ventures