Freeman completes joint venture with American Coin

ACMI is the nation’s largest amusement vending company in the U.S. ACMI and its franchisees own and operate more than 26,000 coin operated amusement vending machines throughout the United States. After years of growth and expansion in a facility that did not meet their needs, ACMI hired AFPA to assess facility requirements and complete a purchase and lease on behalf of ACMI an investment group formed by Freeman.

A full service approach was completed by AFPA. The program included an in-depth program study, site location, structuring a long term lease, securing an institutional loan, formation of a real estate partnership and supervision of a $1,000,000 tenant improvement project and move coordination. The project was completed under-budget and ahead of schedule.

ACMI has since been sold and has vacated the property. Freeman completed a new 6.5-year lease with Inovonics Corporation and subsequently completed a new, ten-year loan with Summit Mortgage Corporation.