Souper Salad, Inc.
This fast casual restaurant chain had filed a Chapter 11 Bankruptcy petition, and we assisted the company in the evaluation of leases that were financially marginal and then lead the process of renegotiating lower rental at several locations.
The Heico Companies, LLC
Atlas assisted the Davis Wire subsidiary of this privately-held conglomerate in terminating a lease for a 213,000 square foot manufacturing and distribution building in Hayward, California. The total cost savings achieved, with only three years remaining on the lease, was in excess of $2 million.
Athletica Fitness, LLC
Atlas acted as real estate advisor to Michael Polsky, the Court-appointed Receiver in the liquidation of the former Athletica Fitness facility in Menasha, Wisconsin. Atlas marketed and sold a fully-equipped, 24,000 square foot property located on 4.2 acres.
Heartland Hills Golf Course
Atlas acted as a real estate advisor to Sand Trap Properties, Inc., an REO entity owned by US Bank in the sale via auction of a nine-hole, 54-acre golf course in Howards Grove, Wisconsin.
Amazing Food Manufacturing, LLC
Atlas acted as financial and real estate advisor to this manufacturer of gourmet frozen foods while it was being purchased by a private equity firm and the company’s management. Atlas negotiated a purchase agreement and simultaneously secured an institutional buyer to acquire the property via a sale and lease-back transaction with Amazing Food.
Home Products International, Inc.
Atlas’ work began during the time that Equity Group was the major stockholder and arranged for the sale of a 55,000 square foot manufacturing facility in Thomasville, GA. The work included coordinating roof repair proposals required to set the final purchase price. Subsequently, the company filed for Chapter 11 protection, and, with the Third Avenue Funds in control of the company, Atlas renegotiated the lease for the company’s main plant and corporate offices. Atlas then sold the 317,000 sq. ft. surplus plastic injection molding plant in Louisiana, Missouri, coordinating all of the due diligence activities on behalf of the seller and negotiating with a buyer to minimize the impact on the purchase price of the issues that were discovered during due diligence.