LEVITTOWN, PA — LCN Capital Partners recently announced the purchase of Lincoln Tech’s campus in Levittown, PA. The agreement includes a simultaneous 20-year triple-net lease back to Lincoln Tech, allowing the educational services corporation to continue operating from the site.
The Levittown campus, which spans a substantial 90,000 square feet on 7.5 acres, is set to replace Lincoln Tech’s existing Philadelphia location. The move will enable the school to expand its areas of study, adding HVAC, welding, electrical, and automotive technology to its curriculum. Over the next year, Lincoln Tech plans to invest heavily in the facility to create a state-of-the-art learning environment for over 600 students.
Jared Ciejek, Partner at LCN, expressed enthusiasm about the partnership. “This transaction will help the company offer new programs for in-demand trades in a state-of-the-art learning and training facility. We look forward to continuing our long-standing partnership with Lincoln Tech, an industry leader in their space,” he said.
Scott Shaw, Lincoln Tech’s President and CEO, highlighted the benefits of the deal. “The sale-leaseback provides additional capital to fund program replications and new campuses as we seek to fill the skills gap that exists in our country,” he said.
The transaction marks the second sale-leaseback deal between LCN and Lincoln Tech, following similar arrangements for the company’s Denver, CO and Grand Prairie, TX campuses in October 2021.
The sale-leaseback model, where a property is sold and then leased back to the seller, can provide businesses with a way to free up capital while retaining use of the property. For Lincoln Tech, this deal not only allows them to continue operations without disruption but also provides additional funding to expand their educational offerings.
This transaction highlights the growing importance of innovative real estate strategies in the education sector. As schools like Lincoln Tech seek to adapt to changing industry needs and student expectations, partnerships with real estate firms like LCN can provide the financial flexibility needed to invest in new facilities and programs.
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