STREAM Arranges $32 Million Sale Leaseback of Four Food Production and Distribution Facilities
CHICAGO, IL – June 4, 2019 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the sale and leaseback of four refrigerated, food production and distribution facilities in Boston and the Midwest.
The facilities are occupied by a leading private manufacturer and distributor of packaged and value-added meat products, snacks and appetizers.
The buyer, a private real estate investor, acquired the four properties and simultaneously entered into a long-term lease with the tenant.
Said Mandel of the transaction, “This was a great transaction for both sides. The buyer is getting a long-term lease with a best-in-class food tenant and the seller is able to use the proceeds to recapitalize its balance sheet and prepare for continued growth of its business.”
Mandel and DiGennaro expect to see more food-related facility sale leasebacks as investor demand for food-related properties strengthens, given positive investor sentiment around this industry and asset class.