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Cushman & Wakefield Brokers Sale/Leaseback of Crash Champions Midwest Portfolio for $30 Million

9/17/2020
IRVINE, Calif./GREATER CHICAGO, September 17, 2020 – Cushman & Wakefield announced today the firm successfully executed a $30 million sale leaseback of a multi-shop Crash Champions property portfolio in the Greater Chicago region. The deal transacted during the COVID-19 pandemic.

Crash Champions

Managing Director Jack Chang with Cushman & Wakefield represented the seller and sourced the buyer in the deal.

“We had the honor and privilege to work with Crash Champions on their growth strategy through this recapitalization transaction,” said Chang, an industry expert who has sold $150 million in collision properties in just the past two years.

Chang provided guidance on deal structure and leveraged his relationships with a large pool of qualified buyers to provide the seller with the best terms and guarantee of close. Chang expressed, “In any deal but more so in this current environment, communication and confidence in the deal is very important. By presenting a compelling property story for buyers, we procured multiple competitive offers and were also able to execute on the portfolio with pre-COVID pricing for the seller.”

“Jack was able to set clear expectations for what the market would bring. He helped put together a comprehensive marketing plan, relied on his wealth of experience, and connected us with a buyer exactly as expected. Jack made the process as easy as possible and kept the timeline moving quickly,” said Matt Ebert, CEO of Crash Champions.

Crash Champions, an auto body collision and paint repair company, is based in Chicago with operations in Illinois, California, and Ohio. The company has grown threefold from 13 locations to 39 locations in the past year. Crash Champions’ primary strategy is to focus on building new ground up development or refurbish existing locations. Organic growth coupled with strategic acquisitions has allowed the company to grow efficiently and cost effectively.

Currently, Chang is also selling several other collision properties nationwide and multiple sale leaseback portfolios on behalf of other sellers and buyers.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Contact/Author

Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.

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