Leopardo Companies Partners with LCI Development Partners and Eyes North Corporation for Family Dollar Development
Leopardo Companies recently teamed up with LCI Development Partners and Eyes North Corporation to develop several sites across Oregon for the American variety retailer Family Dollar. LCI Development Partners and Eyes North Corporation are providing the equity through a newly created joint venture, with First Bank and Trust of Illinois providing construction financing.
“This development joint venture is emblematic of LCI’s approach to the net lease space—experienced development partner, high-quality tenant, and attractive construction debt financing..” said LCI Development Partners Managing Partner Chad Broderick. “We look forward to working with Leopardo Companies as general contractor for the planned developments.”
The team recently completed a new, 10,500-square-foot Family Dollar store in Boardman, Oregon. Several additional sites are currently being scouted, with four more planned to start construction, across multiple states, before the end of 2021.
LCI Development Partners is a full-service development manager investing alongside clients across a variety of asset classes. The Chicago-based group provides a variety of services, including land acquisition, feasibility analysis, site planning, cost and schedule analysis, entitlements, planning and design management, project financing, leasing, as well as asset management. Eyes North Corporation is a national real estate developer based in Chicago, Illinois. Eyes North focuses on retail and mixed-use properties, with a specialty in build-to-suit and single tenant net lease projects.