Real Estate Equity Industrial
60th Street Warehouse
Kentwood, Michigan Syndication Active
Development
Real Estate Equity Industrial
Opus Packaging Caledonia, Michigan
- Asset type
- Industrial
- Strategy
- Stabilized Real Estate
- Transaction
- Sale-leaseback
- Category
- Real Estate Equity
- Structure
- Syndication
- Status
- Active
- Tenant
- Opus Packaging Group, Inc.
Project overview
Project overview: Opus Packaging
Sale-leaseback of the Caledonia, Michigan, headquarters facility of Opus Packaging Group, a corrugated and packaging manufacturer founded in 1984.
Opus Packaging is a sale-leaseback investment at 6995 Southbelt Drive SE in Caledonia, Michigan. The property houses the headquarters of Opus Packaging Group.
The tenant
Opus Packaging Group is a corrugated and packaging manufacturer with Michigan roots. It has two operating divisions, Action Packaging and Safeway Packaging, and serves food, consumer products, and industrial customers.
The structure
In a sale-leaseback, an operating company sells the building it works from and signs a lease to stay in it. We place sale-leaseback transactions within our Stabilized Real Estate strategy.
The Opportunity
Opus Packaging Group, a corrugated and packaging manufacturer founded in 1984, was headquartered at 6995 Southbelt Drive SE in Caledonia, Michigan, and owned the real estate it operated from. Opus Packaging Group runs five manufacturing facilities and several warehouses across the Midwest.
Carbon River's Approach
Carbon River Capital acquired the real estate and leased it back to Opus Packaging under a long-term lease, a sale-leaseback. The company kept occupancy of the Southbelt Drive facility and control of its operations, and the sale freed capital for production capacity and equipment.
Current Status / Outcome
Opus Packaging Group, Inc. is the tenant. The result is a long-duration industrial asset with a regional operating business in the building.
Related strategy
How this investment fits our strategy
More investments
Related investments
Opportunity takes many forms.
We welcome inquiries from property owners, business owners, brokers, lenders, investment professionals and others interested in learning more about Carbon River Capital.
Whether you are considering the sale of a property, exploring a sale-leaseback or recapitalization, or presenting an investment opportunity, contact our team.