Equipment Finance Advisor, February 05, 2018
Reich Brothers Closes Capital Lease for Dry Van Trailers
Reich Brothers Business Solutions, LLC (“RBBS”) closed a $1.28MM capital lease facility backed by dry van trailers for a Texas-based regional trucking company operating out of terminals in Dallas, TX, Oklahoma City, OK, and Denver, CO. RBBS has extensive experience with tractor trailer fleets and was brought into the transaction by a company advisor due its responsiveness and ability to meet the lessee’s structural considerations. Due to the success in funding the initial equipment schedule, RBBS is currently working with the company to structure a $2.7MM capital lease for another group of trailers in the company’s fleet…
WMTV Madison WI, November 6, 2017
Exclusive interview with new owners of Oscar Mayer property
Reich Brothers and Rabin Worldwide purchased the 72 acre site on October 18. They’re in town this week for meetings with government and community stakeholders.
“This project has been a year in the making,” says Shira Weissman, COO and general counsel of Rabin Worldwide, “There’s been a lot of work on the front end. We have big power, big water, big sewer, but making sure those are going to be accessible for all of the buildings on site is the work we’ve been doing.”
“There really is so much to do. We have 60,000 square feet of industrial space over there. That space we can in effect lease out tomorrow,” explains Marc Esrig, Senior Vice President of real estate development with Reich Brothers, “We have this beautiful warehouse space, about 143,000 square feet that we effectively have to re-engineer part of it”…
Monitor Daily, October 26, 2017
Reich Brothers Closes $2.6MM Lease for Textile Manufacturing Equipment
Reich Brothers Business Solutions partnered with another lender to close a $2.6 million capital lease facility backed by the textile manufacturing equipment of a North Carolina-based manufacturer of dobby and jacquard fabrics for upholstery, bedding, wall covering and drapery applications…
Wisconsin State Journal, October 11, 2017
Reich Brothers says it will buy shuttered Oscar Mayer property
Reich Brothers Holdings, a company that buys shuttered factories and sells their assets, says it has agreed to purchase the former Oscar Mayer headquarters and hopes to bring manufacturing back to the East Side site.
The transaction is expected to close at the end of October, said co-CEO Adam Reich.
“We firmly believe anything we do with the property should be in concert with local and state officials, with the infrastructure, the economy and with the job base,” Reich told the Wisconsin State Journal. “We are looking to do something that’s going to attract jobs.”
WISC TV Madison, October 11, 2017
Reich Brothers Holdings agrees to buy Oscar Mayer plant
MADISON, Wis. – Reich Brothers Holdings, a company that buys and repurposes old manufacturing plants, has agreed to buy the Oscar Mayer plant on Madison’s northeast side.
Madison Mayor Paul Soglin said he expects the new ownership will bring 600 to 3,000 jobs to the area…