Key Transactions

“Skyline” as used in this page refers to the affiliates of Skyline Pacific Properties LLC

Restaurants
Gas/C-Stores
Drug Stores
General Retail
Bank Branch
Grocery
Office/ Industrial
Other

View Complete Acquisition History

Restaurants

CHURCH'S CHICKEN

335 PROPERTIES
Skyline and its joint-venture partners completed a sale-leaseback with Church’s Chicken Restaurants. The transaction consisted of 335 properties nationwide. Upon close of escrow, Skyline and Church’s executed new long-term leases for each location.

LOCATION: Nationwide

DON PABLO'S

15 RESTAURANTS
Skyline and its joint-venture partners completed a sale-leaseback with Don Pablo’s Restaurants. The transaction consisted of 15 properties in 5 states. Upon close of escrow, Skyline and Don pablo’s executed new long-term leases for each location.

LOCATION: 5 States

BURGER KING

23 RESTAURANTS
Skyline completed a sale-leaseback with a regional Burger King franchisee, who signed a long term net lease with Skyline at the restaurants at closing.

LOCATION: VA and NC

KRYSTAL

72 RESTAURANTS
Skyline through a joint venture, completed a sale-leaseback transaction with the private equity group acquiring Krystal Holdings, Inc., the parent of Krystal’s. Krystal’s signed new long term net leases at the restaurants at close.

LOCATION: 5 States

KFC

23 RESTAURANTS
Skyine, through a joint venture, completed a sale-leaseback transaction with a regional KFC franchisee. The franchisee signed new long term net leases at the restauraunts at close.

LOCATION: 5 States

5 GUYS BURGER AND FRIES

RESTAURANT
Skyline purchased two 5 Guys Burger and Fries Restaurant properties in Virginia, and plans to provide capital to the tenant to remodel the properties.

LOCATION: Virginia

APPLEBEE'S RESTAURANT

181 RESTAURANTS
In June of 2008, Skyline and its joint-venture partner, Fortress Investment Group, completed a sale-leaseback with Applebee’s Restaurants. The transaction consisted of 181 properties nationwide. Upon close of escrow, Skyline and Applebee’sexecuted new long-term leases for each location.

LOCATION: 20 States

Gas/C-Stores

TESORO

30 SERVICE STATIONS
Tesoro Corporation approached Skline seeking to exit the retail sector of their operations, a portfolio of 30 service stations in Utah, Alaska, and Hawaii. Skyline and Tesoro successfully negotiated a Master Lease for the properties. Time was of the essence, and the transaction was closed in fewer than 30 days.

LOCATION: UT, AL, and HI

GLQL

VALVOLINE FRANCHISEE
Great Lakes Quick Lube, a leading Valvoline franchisee, approached Skline seeking expansion capital to purchase 13 sites in Iowa and Illinois. Skyline purchased the sites in a simultaneous transaction and entered into a 15 Year NNN Master Lease with the Company.

LOCATION: MI, IA, IL

UNITED OIL

RETAIL AND WHOLESALE BUSINESS AND 112 GAS STATION PROPERTIES
Skyline and its joint-venture Partners purchased this Southern California business, which included approximately 130 gas stations properties, as well as the associated retail gas business, a wholesale fuel business and a fuel transportation business.

LOCATION: California

COUCHE-TARD

202 CIRCLE K SERVICE STATIONS
Couche-Tard, Canada’s third-largest retailer with more than 5,000 outlets, sought financing for it’s acquisition of Circle K, the largest acquisition in the company’s history. In September 2004, Skyline and it’s joint-venture partner, completed a sale-leaseback with Couche-Tard. The transaction consisted of 202 properties throughout the country. Upon close of escrow, Skyline and Couche-Tard executed new long-term leases for each location.

LOCATION: 19 States

Drug Stores

RITE AID

38 DRUG STORES
Skyline and its joint-venture partner completed a sale-leaseback with Rite Aid Drug Stores. The transaction consisted of 38 properties in nine states. Upon close of escrow, Skyline and Rite Aid executed new long-term leases for each location.

LOCATION: 9 States

WALGREENS

15 STORES
Skyline and its joint-venture partners, acquired15 Walgreen’s Drug Stores in 5 states. Upon close of escrow, Skyline negotiated new 15 year leases at the majority of the stores with Walgreen’s.

LOCATION: 4 States

CVS

53 STORES
Skyline and its joint-venture partners, completed a $244 million sale-leaseback with CVS Drug Stores. The transaction consisted of 53 properties in several states. Upon close of escrow, Skyline and CVS executed new long-term leases for each location.

LOCATION: 20 States

General Retail

ALLSTATE

INSURANCE
Skyline and its partners funded a call center build to suit project for Allstate in Chubbuck, Idaho. The center was built and delivered on time.

LOCATION: ID

STAPLES

BUILD-TO-SUIT DEVELOPMENT.
Skyline joint ventured with a local developer to develop two Staple’s sites in Roseburg, Oregon and Klamath Falls, Oregon.

LOCATION: Oregon

Bank Branch

Grocery

KBS

145 RETAIL BANK / OFFICE PROPERTIES
Skyline and its joint-venture Partners purchased a loan secured by approximately 800 retail and office properties leased to various banks (including Bank of America, Wells Fago-Wachovia, KeyBank, PNC, BB&T) in secondary cites across the United States. As intended, Skyline and its joint-venture partners eventually took title to all the underlying real estate.

LOCATION: 16 States

CITIZENS

27 RETAIL BANK PROPERTIES
Skyline purchased 27 net leased bank branches from a Real Estate Investment Trust in 2018. The bank branches are leased to Citizen’s Bank and US Bank under net leases.

LOCATION: 7 States

Grocery

BJ'S

WHOLESALE CLUB
Skyline and its partners purchased an existing BJ’s Wholesale Club store located in North Canton, Ohio. The store had minimal term remaining on its net lease. Skyline successfully negotiated the early exercise of a lease extension with BJ’s Wholsale Club at the property.

LOCATION: OH

FRESH & EASY

LEASED AND VACANT GROCERY ASSETS
Skyline and its joint-venture Partners purchased an approximately 680,000 square footage gocery distributon center and a portfolio of 14 Fresh & Easy retail grocery stores, and approximately 35 vacant former Fresh & Easy sites located in CA, AZ and NV.

LOCATION: CA, AZ, NV

Office/ Industrial

221 PINE STREET

OFFICE BUILDING
Skyline acquired the office building located at 221 Pine Street in San Francisco’s historic financial district in 2005. It currently operates it as a multi-tenant office for technology and traditional office tenants. Ground floor tenants at the building include restaurant and general retail users.

LOCATION: San Francisco CA

332 PINE STREET

OFFICE BUILDING
Skyline acquired the office building located at 332 Pine Street in San Francisco’s historic financial district in 2012. It currently operates it as a multi-tenant office for technology and traditional office tenants. The ground floor tenant at the building is a design focused office furniture retailer.

LOCATION: San Francisco CA

1100 - 1800 MERRILL LYNCH DRIVE

OFFICE CAMPUS
Skyline and its partners acquired Merrill Lynch’s 1.8 million square foot office campus in the Princeton, New Jersey office market.

LOCATION: Princeton, New Jersey

COLLINS & AIKMAN

INDUSTRIAL PORTFOLIO
Collins & Aikman, a major supplier to the automotive industry, sought increased liquidity in 2005 during a very difficult time for the auto industry. Skyline provided sale-leaseback financing on six of the Company’s major facilities when most sale-leaseback competitors were shunning the auto industry.

LOCATION: North Carolina

AMERICAN TIRE DISTRIBUTORS

BUILD-TO-SUIT
Skyline and its partners funded two regional distribution and sales facility build to suit projects for American Tire Distributors in Manchester, New Hampshire and Chattanooga, Tennessee.

LOCATION: NH, TN

Other

AVATAR

HOTEL
Skyline joined forces with Joie De Vivre, a boutique hotel operator, to purchase the Holiday Inn Santa Clara in Santa Clara, CA. The hotel is a 167 room hotel located in the heart of Silicon Valley. The hotel has since been rebranded as The Hotel Avatar, a boutique Joie De Vivre hotel.

LOCATION: CA

HILTON GARDEN INN

HOTEL
Skyline and its joint venture partners built and operate the the 107 room Hilton Garden Inn in Palmdale, California.

LOCATION: CA

REX

HOTEL
Skyline Pacific Properties, LLC joined forces with Joie De Vivre, a boutique hotel operator, to purchase the Rex Hotel in San Francisco, CA. The Rex Hotel is a 153 room hotel located one block off of Union Square, a few doors from the San Francisco Play House. Skyline sold the Rex Hotel in 2012.

LOCATION: CA

POLLOCK PINES

MOBILE HOME PARK
Skyline purchased ‘Wagon Wheel”, an approximately 70-unit mobile home park in Pollock Pines, California

LOCATION: California

VACANT LAND

FARM LAND
As part of a bigger portfolio, Skyline purchased 200 acres of vacant land near Princeton, New Jersey.

LOCATION: New Jersey

SKYLINE PACIFIC PROPERTIES LLC

221 Pine Street, 4th Floor
San Francisco, CA 94104
Main: 415-616-5140
Fax: 415-616-5144

 

PROPERTIES

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