Representing the seller, Binswanger negoitiated the sale/leaseback of a 143,750-square-foot facility with acreage in Santa Rosa, Calif.

The value of the transaction was not disclosed.

The facility, located at 3300 Coffey Lane, features 18,816 square feet of office space, 227-car parking and is situated on approximately nine acres.

The seller, Advanced Lighting Technologies Inc. (ADLT) creates metal halide lighting systems and telecommunications products. Deposition Sciences, a company subsidiary, currently produces coatings for specialty lights at the facility. The sale/leaseback enabled ADLT/Deposition Sciences to achieve net cash while leasing back the facility for 10 years.

First Industrial Acquisitions Inc., a Chicago-based REIT and developer with real estate holdings nationwide, purchased the building.

Philadelphia-based Binswanger is an international, full-service real estate organization with more than 160 offices worldwide.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×