Avison Young Brokers Sale-Leaseback of EnSafe Headquarters29 Jun 2018
Avison Young principals Shane Soefker and Jacob Biddle have negotiated the sale-leaseback of environmental consultancy firm EnSafe Inc.’s northeast Memphis headquarters.
The six-building, 51,610-square-foot portfolio located just south of Summer Avenue and west of Sycamore View Road at 5710-5730 Summer Trees Dr. was purchased by New York-based Royal Oak Realty Trust. An additional parcel located and 5669 Summer Ave. was also included in the transaction and brings Royal Oak’s purchase to just over 6.5 acres in the Memphis Northeast submarket.
"We are seeing sustained demand for quality properties across product types and submarkets in the Memphis market," Soefker said in a statement. "This transaction was a true win-win for both parties involved as EnSafe leveraged the opportunity to monetize their headquarters assets and secured a long-term lease to continue to operate its headquarters facility. Royal Oak Realty Trust secured a rare opportunity to purchase a property with a well-capitalized and respected tenant. The resulting transaction brought value to both the buyer and seller."
Founded in 1980, EnSafe offers a range of management and planning solutions to clients in a wide-range of industries, providing everything from job hazard analysis to compliance auditing to engineering design solutions.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.