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FRANKLIN, OH-SPH Crane & Hoist has completed a sale-leaseback for its 74,225-sf facility in Franklin and its 36,500-sf facility in Birmingham, AL.

The company’s new landlords are Riverwoods, IL-based Podco Morris Associates LLC and DGH Morris LLC. The total value of the sale-leaseback transaction is approximately $7 million.

To generate extra income from their new property, Podco Morris and DGH Morris have separated out 10 surplus acres from the Franklin transaction and will market the property for a build-to-suit project. The new owners also will be installing a major billboard on the property, which located along Interstate 75, which connects Cincinnati to Dayton, OH.

Podco and DGH were represented by Randy Podolsky, Steven Podolsky, and John R. Homsher of Podolsky Northstar Realty Partners; Michael Graham of Graham & Company in Birmingham, AL; and Tom Devitt of Devitt & Associates in Cincinnati, OH. SPH was represented by Sam Dickman and Sam Dickman Jr. of The Dickman Co. in Milwaukee, WI.

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