Articles Tagged with ''real estate''

Plant-based, fungi-focused protein manufacturer Meati Foods is leasing 76,463 square feet of Class A industrial space at 25 North in Thornton, Colorado. Meati will occupy two-thirds of a brand new 114,700-square-foot building that was constructed in 2020. 

Dedeaux Properties and joint venture partner Brasa Capital Management have sold a fully-leased 73,992-square-foot Class A industrial distribution building in the Inland Empire city of Redlands, California, to LBA Realty, completing the disposition of a brand new two-building complex. The building includes 20,000 square feet of cold storage space with two coolers at 55 and 34 degrees, and is currently leased to In-N-Out Burger.

Monogram Foods has started construction on a new 135,000-square-foot production facility in Creek Brook Park, Haverhill, Massachusetts. Monogram has plant and warehousing facilities in Indiana, Iowa, Minnesota, Virginia and Wisconsin. This is Monogram’s 3rd Massachusetts location, and will feature 109,000 square feet of multi-temperature warehouse space, plus a 26,000-square-foot sandwich assembly area. The facility is expected to be completed by mid-2022.

Dedeaux Properties has sold a 290,368-square-foot cold storage and food processing portfolio to a global real estate services company for an undisclosed price. The portfolio, which is made up of four central Los Angeles-area assets ranging in size from 38,000 to 111,000 square feet, were part of a larger industrial portfolio acquired by the Dedeaux-led joint venture in 2016. Each property was 100% leased at closing.

Mastronardi Produce--parent company of Sunset fruits and vegetables--has sold its 187,392-square-foot dry and cold storage warehouse facility in Laredo, Texas, to BH Properties in a short-term sale leaseback transaction. The 132-door cross dock facility is the first asset in Laredo for BH Properties, a real estate investment firm which has approximately 20% of its 10 million-square-foot commercial and industrial real estate portfolio in Texas.

Dedeaux Properties and joint venture partner Ledo Capital Group has sold its Vernon Avenue Logistics Center, a recently completed, fully occupied 46,422-square-foot cold storage facility in Vernon, California, for $14.85 million.