Atlanta, GA – The Net Lease Group (“NLG”) has closed the sale of a +/-62,814 square foot, single-tenant corporate headquarters and flex industrial facility in Irondale, Alabama, within the Birmingham Metropolitan Statistical Area. The transaction closed in December 2025, representing another successful execution of a mission-critical net lease asset in a core Sunbelt market.
The property is fully leased to Imaging Business Machines, LLC (“ibml”) and Scanner Holdings Corporation under a new, long-term absolute triple net (NNN) lease, providing the buyer with durable, passive income and long-term stability.
Esmael Hill, Dane Bailey, George Eichler, and Will Winn of The Net Lease Group represented ownership in the transaction, overseeing marketing, negotiation, and closing.
Situated on ±8.0 acres, the property serves as ibml’s global corporate headquarters, housing executive offices, research and development, manufacturing, and assembly operations. The facility is mission-critical to ibml’s business and future growth, underscored by the tenant’s 16-year lease extension and commitment of more than $1.5 million in facility improvements.
Founded in 1992, ibml is a leading provider of intelligent information capture and document processing solutions, serving government agencies, Fortune 500 companies, financial institutions, and global enterprises. The company is backed by Ares Management, a global alternative investment manager, further strengthening the credit profile supporting the investment.
This closing highlights NLG’s ability to execute complex net lease transactions, deliver institutional-quality outcomes for ownership, and connect investors with high-quality, mission-critical assets in growth-oriented markets.
About NLG
The Net Lease Group (“NLG”) is a boutique investment advisory and brokerage firm specializing in the corporate, institutional, and private execution of single-tenant and multi-tenant net lease transactions across all U.S. markets. Through its full-service platform, NLG provides Investment Sales, Sale-Leaseback Advisory, Build-to-Suit Development Solutions, and Debt & Equity Placement services. NLG’s principals and team have successfully completed and advised on transactions exceeding $15 billion, representing more than 100 years of combined commercial real estate experience.