Zickler Facilitates Investment Acquisition
5/19/2006
 
 

Zickler Associates, LLC, represented the Shumaker Family of Plainfield, Indiana, in acquiring the 39,740 square foot “PRN Building” located in the Cloverleaf Properties Business Park at 8351 W. Rockville Road in Indianapolis, Indiana.

The seller was Cloverleaf Property Group, LLC and the tenant occupying the building is the PRN Pharmaceuticals Division of Omnicare, a $5.3 billion publicly traded NYSE company (symbol = OCR), and the nation's leading provider of pharmaceutical services to long-term care facilities.

According to Craig Shumaker, “Zickler Associates did yeoman work in quickly identifying this superb investment, facilitating the purchase and due diligence details, and arranging financing so our 1031 dollars are appropriately leveraged, allowing us to expand our holdings acquired with tax deferred dollars by about 50% more than if we had not successfully employed borrowed funds as a key investment strategy. Throughout the process, Zickler showed great sensitivity in representing our family as if they were standing in our shoes.”

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