02 Jul 2019
– Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate company, has successfully executed a $50 million sale leaseback of a multi-shop Collision Works portfolio in the Midwest. SVP & Senior Director of Net Lease for Matthews™, Gary Chou, and Senior Associate, Jack Chang, represented the seller and sourced the buyer.
Matthews™ was able to provide the owner-operator with a comprehensive marketing process that procured multiple competitive offers from highly qualified buyers. After working through complex deal dynamics and issues, Chou and Chang were able to provide both the buyer and seller with strong communication and confidence during the transaction process. With over $100 million sold in the last year in the collision space, Jack Chang was able to apply his in-depth market knowledge to the transaction and present a compelling property story to the buyer. “We had the honor and privilege to work with Collision Works on their growth strategy through this recapitalization transaction,” said Chang.
As an industry expert and top producer at Matthews™, Gary was able to provide guidance on deal structure and leverage his relationships with a large pool of buyers to provide the seller with the best terms and guarantee of close. “We executed on the Collision Works portfolio within specified time parameters and delivered a very strong price for the seller,” said Chou.
Collision Works, an auto body collision and paint repair company, is Oklahoman owned and operated. Having achieved its latest 5-year goal plan in less than 2 years, Collision Works’ primary strategy is to focus on building new ground-up development or refurbish existing locations. Organic growth coupled with strategic acquisitions has allowed the company to grow efficiently and cost-effectively.
Currently, Jack and Gary are listing over 20 collision properties nationwide and multiple sale leaseback portfolios.
Matthews Real Estate Investment Services™ is recognized as an industry leader in Shopping Centers, STNL, Multifamily, Leasing, Management, Portfolio Disposition, Sale Leasebacks, and 1031 Exchanges. The firm is headquartered in El Segundo, CA and serves clients throughout the United States and Canada. For more information, please visit www.matthews.com