New York, NY, September 27, 2024 – Ascension Advisory, a global sale leaseback advisory firm, is pleased to announce the successful completion of a sale leaseback transaction in Mexicali, Mexico, on behalf of a leading designer and manufacturer of sports apparel. This transaction highlights Ascension Advisory’s expertise in facilitating sale leasebacks across diverse industries and regions, creating value for companies by optimizing their real estate assets.
With a focus on maximizing operational flexibility and capital efficiency, the transaction involved the company’s 155,000-square-foot, Class A, industrial facility strategically located in Mexicali's premier industrial corridor. Serving as a mission-critical hub for the company’s North American operations, the facility supports essential production and distribution functions. Since establishing their presence at this location in 2014, the business has invested extensively in facility upgrades to enhance productivity and sustainability.
Ascension Advisory structured the sale leaseback by securing a private real estate investment firm based in Mexico City as the buyer, ensuring the company’s continued presence in Mexicali through a long-term, triple net lease arrangement. This leaseback structure allows the company to benefit from immediate capital infusion while preserving operational control over an essential property asset.
Chelsea Mandel, Founder and Managing Director of Ascension Advisory, commented, “This was a transaction with a handful of complexities to navigate, but we’re thrilled that we were able to work closely and collaboratively with all parties who were committed to getting the deal across the finish line. The result allows the company to achieve immediate financial flexibility while ensuring long-term operational continuity in a key facility for the business. We’re proud to have played a role in supporting their strategic objectives.”
About Ascension Advisory
Ascension Advisory is a corporate real estate advisory firm specializing in real estate sale leasebacks for financial sponsors and business owners worldwide. With offices in New York City, Miami, Toronto, Mexico City, London, and Madrid, Ascension Advisory provides tailored real estate strategies that align with clients' financial and operational goals. For more information, please visit ascensionadvisory.com.
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