Deal worth $30 million moves forward despite pandemic concerns.
Sept. 18, 2020—A Crash Champions’ multi-shop property in the Chicago area was acquired in a $30 million sale leaseback despite the COVID-19 pandemic, according to a press release.
The Cushman & Wakefield real estate company announced it had facilitated the deal between the buyer and Crash Champions. There were multiple competitive offers for the property at its pre-COVID price, the press release says.
Managing director of Cushman & Wakefield, Jack Chang, said communication and confidence were important for completing this real estate deal during the pandemic.
Crash Champions is a collision and paint repair company that has expanded in Illinois, California, and Ohio in the past year.
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