Weber Wood Medinger/CORFAC International Facilitates a $23 Million Sale/Leaseback on Behalf of Invac
Cleveland, OH (April 28, 2015) – Weber Wood Medinger/CORFAC International announced the completion of a sale/leaseback of Invacare Corporation’s headquarters and four manufacturing/warehouse facilities located in Ohio and Florida.
Partners James E. Klements, SIOR, CPA, and Alan Wood with Weber Wood Medinger represented Elyria, OH-based Invacare (NYSE: IVC) in the transactions. The global leader in the manufacture and distribution of home and long-term care medical products announced in a news release that the sale had raised $23 million.
Weber Wood Medinger has served Invacare in an advisory and strategic planning capacity on the company’s real estate requirements since the early 1980’s and has completed dozens of real estate transactions on Invacare’s behalf in numerous U.S. states and Canadian provinces. The transactions have included land acquisitions with build-to-suit facilities, leases, sales and sale/leasebacks. About Weber Wood Medinger
Since 1968, Weber Wood Medinger (WWM) has provided an extensive range of real estate services to corporations and investors locally, nationally and internationally by working with a ‘best-in-class’ business model and partnering with the most qualified real estate professionals in multiple markets to represent its clientele. The Beachwood, OH-based company has represented more than 30 Cleveland-area companies in selecting headquarters facilities for their respective businesses and in a variety of methods, including lease, acquisition, build-to-suit development and ground-up construction. The firm’s principals have expertise in corporate consulting, strategic planning, tenant representation specializing in office, R&D and industrial properties, marketing, transaction analysis and landlord representation. For more information visit www.wwmrealestate.com or call 216.464.7100.