Home Our Capabilities News Transactions Our Company Contact Us TRANSACTIONS Selected Cornerstone Transaction Summary Information Investment WAUSEON MACHINE Cornerstone Capital Partners made a long term investment in Wauseon Machine. Wauseon continues to be a privately held company able to make great long-term decisions and commitments that are sound and complete providing the members of Wauseon a stable foundation and capital to pursue its goals while retaining its excellent culture. Transaction Size $245,000,000 HELOC PORTFOLIO PURCHASE Cornerstone Capital Partners funded a senior-subordinate capital structure used to purchase a portfolio of home equity line of credit (HELOC) mortgage loans. Cornerstone’s investment, which had attributes of both debt and equity, was made possible by the structured partnership of participating financial institutions. Transaction Size $6,600,000 WENDY’S SALE AND LEASEBACK Cornerstone Capital Partners Corporation purchased and leased back restaurant property owned and operated by an affiliate of Wendy’s of Bowling Green, a franchisee of Wendy’s International. Cornerstone Capital Partners Corporation provided the equity as principal which enabled the seller to recapitalize is ownership while maintaining operational and leasehold control of stand-alone restaurants in Tennessee and Alabama. Transaction Size $6,000,000 DOLLAR GENERAL RETAIL DEVELOPMENT Cornerstone Capital Partners Corporation purchased raw land, entered into separate lease agreements with Dollar General Corporation, and constructed new stand-alone buildings in Ohio for operation as Dollar General retail stores. Cornerstone Capital Partners Corporation acted as equity provider and developer for this ground-up development of new stores. Transaction Size $1,800,000 WENDY’S REAL ESTATE ACQUISITION Cornerstone Capital Partners Corporation purchased restaurant real estate net-leased to a franchisee of Wendy’s International, Inc. in a multi-party simulated sale leaseback transaction. Cornerstone Capital Partners Corporation provision of equity as principal enabled the property owners to recapitalize themselves while preserving the tenancy and operations of the franchisee. Transaction Size $3,300,000 CVS RETAIL DEVELOPMENT Cornerstone Capital Partners Corporation purchased an existing retail center in Grandview, Ohio and worked with CVS and its preferred providers to redevelop the site into a newly built CVS drug store. Cornerstone Capital Partners Corporation worked as principal to lease the site to CVS and coordinated with Cornerstone Capital Corporation in a financed sale of the completed project to Mid States Development. Transaction Size $3,100,000 MAX & ERMA’S SALE-LEASEBACK Cornerstone Capital Partners Corporation structured a sale and leaseback agreement with Max & Ermas, Inc. for one of its newly-constructed, stand-alone restaurants in Pennsylvania. Cornerstone Capital Partners Corporation worked with Cornerstone Capital Corporation to provide financing. Transaction Size $8,300,000 MATCHFRAME SALE AND LEASEBACK Cornerstone Capital Partners Corporation purchased and leased back the office headquarters and central production facility for Matchframe Video, a state of the art digital and high definition post production company serving the television, film and video media markets. Cornerstone Capital Partners Corporation purchased the real estate as an equity principal from the company founders for this real estate in Burbank, California. Transaction Size $149,000,000 WALGREEN CO. SALE-LEASEBACK Walgreen Co., the operator of over 5,000 drugstores in the United States, entered into a sale and leaseback contract with Cornerstone for 42 of its free-standing, newly-built drug stores in 17 states. Cornerstone Capital Corporation underwrote and funded the financing secured by first mortgages and deeds of trust on the properties together with the lease and lease payments. Cornerstone Capital Partners Corporation funded and structured the equity component by providing equity and taking ownership of the real estate. Transaction Size $11,000,000 MAX & ERMA’S MULTI-SITE BUILD-TO-SUIT Max & Erma’s is a 35-year old company which owns, operates or franchises 103 Max & Erma’s 103 casual dining restaurants in 12 states. Cornerstone Capital Partners entered into a multi-year commitment to fund and own four (4) new to-be-built restaurants leased to the company on a reverse build-to-suit basis. Under the arrangement, Max & Erma’s selects its sites and uses its own real estate and development personnel to construct the improvements, and Cornerstone purchases the land and funds construction draws as the restaurant is completed. Transaction Size: $9,000,000 CVS PHARMACY JOINT VENTURE Cornerstone Capital Partners provided joint venture equity to a company formed with developer partners for the purpose of constructing a build-to-suit CVS retail pharmacy store in Foxborough, Massachusetts. Cornerstone’s cash equity and support of the construction banking relationship enabled the developer partners to limit financial exposure while obtaining all cash required to complete the project. STALKING HORSE Cornerstone Capital Partners entered into a binding purchase and sale agreement with Penn Traffic for the purchase of a 134,000 square foot shopping center on 15 acres in Ohio in coordination with the seller’s proceedings through the US Bankruptcy Court. Cornerstone’s investment and role as stalking horse bidder enabled the seller and the bankruptcy court to achieve their liquidation goals. Cornerstone’s commitment to purchase the property was the basis for a joint venture equity investment with a strategic partner. [Back to top] Home Our Capabilities News Transactions Our Company © 2009 - 2021 Cornerstone Capital Corporation | 655 Metro Place South, Suite 720, Dublin, Ohio 43017 | 1-888-773-3222