Sale Leaseback Solution for Furniture Store
4719 S. Dupont Hwy, Dover, DE
60,000 square feet
Showroom for Johnny Janosik
Sale leaseback solution
The Deal Story
The Gillis Gilkerson Team, comprised of Brad Gillis, Joey Gilkerson and Chris Gilkerson represented their developer client in the purchase of 7 acres of land in Dover, DE. After hearing that Johnny Janosik, the largest independent retailer in the area, planned to consolidate their two Dover, DE furniture stores into one state-of-the-art location, the team approached Johnny Janosik on behalf of their client.
They were able to negotiate a lease with Johnny Janosik for a 60,000 square foot showroom, to be built on the 7 acres their client previously purchased. The team guided their client through the development project, and upon completion advised their client about investment sale opportunities.