5+ Years Remaining | Corporate Guarantee from Cadence Inc.
– The Cadence, Inc lease has over 5 years remaining on its initial 15-year lease term. In addition to the 15-year base lease term, Cadence has two, five-year options to extend. The lease also calls for attractive annual increases in rent.
– The lease features limited landlord responsibilities with the tenant responsible for real estate taxes, insurance, HVAC, parking lot (Crack sealing, seal coating and paint striping) and any fixtures or equipment therein.
Acquired by Kohlberg & Company in 2018, a Leading Private Equity Firm with $30 Billion in Transaction Volume
– Kohlberg & Company purchased Cadence, Inc in 2018 and currently owns a total of 26 companies
– Kohlberg & Company L.L.C. (“Kohlberg”) is a leading private equity firm headquartered in New York. Since its inception in 1987, Kohlberg has organized eight private equity funds, through
which it has raised $11 billion of committed equity capital.
– Over its 31-year history, Kohlberg has completed 85 platform investments and approximately 200 add-on acquisitions, with an aggregate transaction value in excess of $30 billion.
Cadence, Inc – Leading Supplier of Advance Products, Technologies and Services
– Cadence, Inc. is ranked among the top companies providing outsourced manufacturing solutions for medical, life science and industrial applications worldwide.
– As one of the leading surgical manufacturers, the proven success in developing high performance cutting solutions spilled over into the sophisticated medical device market with the continued penetration of MIS (Minimally Invasive Surgery) techniques.
– Cadence is all about improving product performance and economics. We help develop new products that others cannot, build processes that others will not, and deliver outcomes that simply
make the world work better. At the end of the day, we make what matters better by providing advanced products, technologies and services to medical, aerospace, automotive, and industrial
companies worldwide.
– Cadence employs approximately 800 people with headquarters in Staunton, VA and other locations in Connecticut, Florida, Pennsylvania, Rhode Island, Wisconsin, and Costa Rica.
Located Outside of Green Bay, WI in Highly Traveled Door County
– The Green Bay, WI Metropolitan area has a population of 331,882 as of 2023
– Tourism had an overall impact of $582 million on Door County’s economy in 2022, up $51 million (9.7%) over 2021.
– Door County Attracts over 2.5 Million visitors annually
