Cinram announced it has sold two properties previously occupied by its once mighty optical disc replication facilities in Tuscaloosa, AL, and Olyphant, PA.

For more information visit: www.grlcapital.com

Unedited press release follows:

Cinram Sells 1.5 million Sq. Ft. of Investment Properties in Alabama and Pennsylvania

The multi-state commercial property sales included industrial, manufacturing, warehouse and office space.

LIVINGSTON, N.J. — June 02, 2020 – Glenn Langberg, CEO of Cinram, announced the sale of two investment properties encompassing approximately 1.5 million square feet of industrial space on 198 acres in Tuscaloosa, Alabama, and Olyphant, Pennsylvania on May 12, 2020. Langberg is also the Founder and CEO of GRL Capital Advisors.

The Tuscaloosa County industrial facilities are situated on 95 acres at 1 and 2 JVC Road and include two 250,000 square feet single-story industrial buildings with manufacturing, warehouse, and office space.

The Lackawanna County property is situated on 103 acres at 1400 E. Lackawanna St, Olyphant, and includes a 1 million square foot manufacturing and industrial distribution facility.

“Given the extreme impact on the economy of the current public health crisis, GRL is proud to have received full market price for both properties,” said Langberg.

GRL Capital Advisors is an operating partner with deep expertise in streamlining corporate operations, capital deployment, and value creation. The company has four divisions:

• GRL Real Estate Development and Management
• GRL Capital Accelerator
• GRL Capital Principal Investments, and
• GRL Capital Restructuring Advisor

Comprised of experienced C-level professionals, the GRL team works closely with management teams, boards of directors, lenders, hedge funds, family offices, and financial intermediaries to overcome the most complex business challenges.

For more information, contact Glenn Langberg.