AUSTIN, Texas, March 28, 2014 /PRNewswire-iReach/ — AIC Ventures, a private real estate investment fund manager, has purchased the 40,000 square foot office building of Kimley-Horn and Associates in West Palm Beach, Florida. Kimley-Horn is one of the country’s premier design consulting firms. AIC Ventures closed the acquisition and simultaneously entered into a long-term lease with the company. The seller was represented by Newmark Grubb Knight Frank.

“Kimley-Horn is a strong company that brings additional diversity to our ninth investment portfolio. This opportunity allowed us to demonstrate our key strengths such as structuring transactions to meet the seller’s financial and operational expectations, and efficiently working with multiple parties to get a transaction successfully completed on a timely basis. Our firm has complete discretion over our acquisition capital so we can confidently commit to closing transactions without the need for appraisal or financing contingencies, and sellers do not have to worry about being re-traded at the closing table. We are pleased to enter into this partnership with Kimley-Horn,” stated Luis F. Medina, Managing Director of Acquisitions.

Bryan Rapp, Senior Vice President of Kimley-Horn, stated: “We have been pleased with the performance of AIC Ventures. From the beginning, AIC was able to work with us and our representatives to understand our concerns and expectations with regard to our real estate needs. The entire process was straightforward, professional and mutually beneficial.”

The transaction was arranged by John Shaunfield (NGKF Dallas) and Rick Klepal (NGKF Tampa). “AIC Ventures came to the closing table with the exact terms that the client had agreed to in the letter of intent. In this day and age, that kind of commitment is unusual and welcomed. We are very impressed with AIC’s performance for our client.” stated Rick Klepal, Senior Managing Director of Newmark Grubb Knight Frank.

About AIC Ventures

AIC Ventures is a leading provider of alternative 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 including acquisitions, fund succession planning and generate liquidity at an attractive cost. The company has closed 152 transactions in 30 states. For more information, visit www.aicventures.com.

About Kimley-Horn and Associates, Inc.

As one of the country’s premier design consulting firms, Kimley-Horn has many disciplines but only one expertise: making their clients successful. Whether their project is national or local, involving public infrastructure or private development, Kimley-Horn understands their challenges. Kimley-Horn’s engineers, planners, and environmental scientists work within the client’s vision and organization, using collaboration, experience, and innovation to achieve their goals. For more information, visit www.kimley-horn.com.

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. They provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. For more information, visit www.ngkf.com.

Media Contact: Kelly Summers, AIC Ventures, 214-292-4238, kellysummers@aicventures.com

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SOURCE AIC Ventures