Apparel Reseller Signs Lease in Jonesville, MI
Summary
SeedAmerica is a 501(c)3 organization that utilizes IRS Publication 561 to provide businesses a fast, safe and profitable solution to hard-to-move surplus property.### Perrysburg, OH, June 01, 2008 --( PR.com )-- SeedAmerica Asset Management Division president Chris Zimmerman today announced that Charlie Schindler has signed a lease for 3,150 square feet at 117 West St. in Jonesville, Michigan.SeedAmerica acquired the 65,000 square foot building in September 2007 through a 561 Exchange transfer.Schindler is planning to use the space as manufacturing and warehousing site, according to Zimmerman.They are scheduled to occupy the property for one year.“The execution of this lease agreement brings welcomed revenue to Jonesville,” said Zimmerman.This publication defines the rules and methods of valuing a property in exchange for tax deductions or tax credits, which is equivalent to cash for owners with a tax liability.ConAgra Foods, FMC Technologies, Essex Electric, the Pritzker family (owner of the Hyatt Hotels), AAF McQuay, Chapelthorpe Industries, Murray Corporation and Kaydon Corporation are just some of the companies who have completed property transfers using the 561 Exchange through SeedAmerica.About SeedAmericaSeedAmerica is a national real estate endowment fund, focused on acquiring and managing commercial real estate assets.SeedAmerica is a 501(c)3 organization that utilizes IRS Publication 561 to provide businesses a fast, safe and profitable solution to hard-to-move surplus property.