The purchase for $120,000,000 of an Office & Research Facility leased to AT&T; the purchase of 12 retail stores leased to Genuine Parts Company (Napa Auto) and the purchase of 2.5 acres of oceanfront property zoned condo/hotel in Pompano Beach, Florida.
Under the watchful eye of Herrick Co. chairman and CEO Norton Herrick, the firm has become a major force in the real estate marketplace over the past 50 years, with income property transactions totaling over $3 billion.
BOCA RATON, Fla., Sept. 10, 2012 /PRNewswire/ -- Norton Herrick, Chairman of The Herrick Company, Inc. today announced that affiliates of The Herrick Company, Inc. one of the nation's leading real estate investment firms, have sold their interest in the following properties: 38 motel properties
The construction and purchase of an 181,000 sf hospital leased to Clarian Saxony Medical Center and guaranteed by Clarian; the purchase of 12 retail stores leased to Genuine Parts Company (Napa Auto) and the purchase of 2.5 acres of oceanfront property zoned condo/hotel in Pompano Beach, Florida.
Developers of former Steel headquarters seek National Historic Register Status.
Cain Brothers advised Clarian Health on the selection of a real estate capital provider and assisted in the negotiations of the terms for the build-to-suit leaseback for the construction and long-term ownership of a de novo acute care hospital.
Herrick Company transactions from 2009, included the purchase of 38 motel properties leased to Motel 6 and guaranteed by Accor, 28 retail bank branches leased to Old National Bank, and the contracting of 40 retail stores leased to CVS Corporation.
Herrick Company transactions from 2008, included the purchase of corporate headquarters building leased to Old National Bank. Sales included 19 medical office properties leased to Sparks Health System, and the sale of the Fibrominn 55 Megawatt poultry-litter-fired power plant.
Herrick Company transactions from 2007, included the purchase of Bethlehem Steel Corp. Headquarters Campus and 19 medical office properties leased to Sparks Health System office properties. Sales included Southwestern Bell Call Center and Kohl's Department Store.
Herrick Company transactions from 2005, included the purchase of the Fibrominn 55 Megawatt Poultry-litter-fired power plant; and the sale of the land remainder interests of 11 Kroger Supermarkets, the Nestles Distribution Center, and the CIBA Geigy Production Facility.
