Project Description

Sale Leaseback Solution for Furniture Store

Sale Leaseback Solution for Furniture Store - Johnny Janosik Furniture

Quick Facts

  • 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.