Young Innovations' headquarters in Algonquin, IL

ALGONQUIN, IL—Young Innovations Inc, a global manufacturer and distributor of consumable dental supplies and equipment, has completed a sale-leaseback deal valued at $17.1 million with New York City-based New Mountain Net Lease.

The deal announced by NAI Hiffman, which represented Young Innovations in the deal, involved the sale of the company's 95,000-square-foot headquarters building at 2260 Wendt St. in Algonquin, IL, as well as the firm's three manufacturing and distribution facilities totaling 117,400 square feet in Earth City, MI, a suburb of St. Louis.

Young Innovations will maintain operations at all properties under a 20-year lease with New Mountain Net Lease.

Pat Sullivan, EVP of NAI Hiffman's Capital Markets Group, and Ryan Chambers, VP of NAI Hiffman's Capital Markets Group, brokered the transaction.

"Through sale-leaseback transactions, companies like Young Innovations are able to capitalize on strong pricing without any disruption to their business, in many cases reinvesting proceeds to support future growth," Sullivan says. "These transactions also provide the steady, predictable returns that many investors seek."

The transaction marks the sixth single-tenant sale-leaseback transaction executed by NAI Hifman's Capital Markets Group over the past 24 months. Together, the deals comprised 16 assets across seven states that, collectively, were valued at nearly $120 million.

In April, New Mountain Capital announced the closing of its first net lease real estate fund valued at $533 million.

Instant Insights /

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