Lessee: Thorntons Inc., a private unrated company
Date: December 2016
Location: Louisville, Kentucky
Square Footage: 88,698 SF
Land Size: 20.5 acres
Lease Term: 25 years

In a sale-leaseback transaction directly with a family-owned, private unrated company, CRIC₂ Funds acquired Thorntons? built-to-suit office headquarters building months before completion. Built to house all of the company?s executive leadership, administration and store support functions, the new state-of-the-art Store Support Center and Headquarters, with expansion potential to approximately 300,000 square feet, was designed to accommodate Thorntons? long-term growth in an energy-efficient, Class-A office environment while promoting company culture and values. In order to match Thorntons? commitment to the property and location, CRIC₂ Funds inked a 25-year triple net lease with special attention paid to expansion provisions to ensure that CRIC₂ Funds would be there to support the company?s growth over the long-term.