AIC Ventures Acquires T.A. Systems Facilities in Rochester Hills, Michigan
Sep 9, 2014
AIC Ventures, a private real estate investment fund manager, has purchased the industrial facilities of T.A. Systems in Rochester Hills, Michigan. T.A. Systems specializes in the design and manufacture of automated and secondary assembly equipment. AIC Ventures closed the acquisition and simultaneously entered into a long-term lease with the company. The seller was represented by Lee & Associates
"AIC Ventures is pleased to partner with T.A. Systems and assist in executing the company's long-term strategies. The quality of the real estate, combined with a strong tenant, is an excellent addition to our Income Fund," stated Luis F. Medina, Managing Partner - Acquisitions
Tim Gale, President of T.A. Systems, stated: "AIC was able to work with our company to understand our concerns and long-term plans with regard to our real estate needs. The entire process was polished and straightforward. We have been pleased with the performance of AIC Ventures."
The sale leaseback transaction was arranged by Jeff Buckler of Lee & Associates: "the AIC team was professional and managed the transaction with great ease and swiftness. This transaction was a win-win for the parties involved."