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Lashins Development Corp. Launches SaleLeaseBack Program

Lashins Development Corp. of Armonk, NY, a diversified real estate management and development company, recently launched a Sale-Lease-Back program. It completed its first sale-lease-back transaction with the acquisition of the 6,000 sq. ft. Calico Corners store located in Cherry Hill, New Jersey. Calico Corners is a chain of over 90 locations that features designer fabrics, custom window treatments, and custom furniture.

Lashins Development created its sale-lease-back program in response to long-term trends in the appreciation of well-located real estate. In a typical sale-lease-back, the owner of a property sells that property and then leases it back for a term of 10 or more years. A sale-lease-back offers the seller-tenant an attractive alternative for raising capital through the real estate market without having to move locations.

Sale-lease-backs are an ideal financing tool when money is tight and when stock prices are down, explains Ed Lashins, president of Lashins Development Corp. A public company may find that issuing additional stock is not a viable option. Furthermore, today'ss economic environment may not be conducive to issuing debt or otherwise borrowing money. We look forward to developing our sale-lease-back program as a win-win vehicle for both sellers and buyers, who gain a steady income stream from their acquisition.

Lashins Development Corp. traces its roots back to 1944. Under principals Edward and Eric Lashins, the company is involved in building, owning, and operating office, retail, and industrial buildings in addition to constructing upscale houses.

Lashins Development Corp. is located at 80 Business Park Drive, Suite 102, Armonk, NY 10504. They can be reached at 914-273-5200 or eric @ lashinsdevelopment.com.

About Lashins Development Corp.:

Lashins Development Corp. (www.lashinsdevelopment.com), developer and leasing agent, is a father-son company that has been involved in the real estate business since 1944. Lashins owns and manages Westchester Business Park, located in Armonk, NY, as well as several other locations throughout the tri-state area.

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