case Studies

DMI Distribution:
Long Term – Sale-Leaseback

GlaxoSmithKline:
Short Term – Credit Tenant

General Dynamics: 3rd Party Transaction

General Dynamics Armament and Technical Products, Burlington, VT
– Global information systems and technologies company
– S&P A Credit Rating

Real Estate
– 88,700 SF warehouse, manufacturing, and R&D facility
– Company has occupied the facility for over 25 yrs.
– Property is located just south of Burlington in an industrial park with other corporate users

Transaction Details
– Lease is guaranteed by parent, General Dynamics
– General Dynamics had two leases, each for half the building, with expirations in 2007 and 2010
– Transaction closed in June 2005
– Seller was a major Rhode Island real estate firm