Global Food Properties to-date has sold 46 plants within the dry mixing and baking sector alone (frozen and non-frozen), and 169 regulated facilities across the broader fast-moving, consumer products sector. We are delighted that list includes a recent sale of a two-line, 98,313 SF frozen bakery plant in Atlanta’s Fulton Industrial District.

The Seller is a leading multinational food manufacturer, with operations in 18 countries and a market capitalization exceeding $18B. As part of a years’ long partnership in the client’s efficiency and cost-cutting mandate, Global Food Properties has sold nine facilities in three countries, eliminating over 2,564,000 SF of unnecessary or inefficient plant space.

The Atlanta sale achieved the three most critical objectives:

  • Minimizing plant intrusions and operations during the marketing process.

  • Consummating the sale before production ceases, allowing for a flexible decommissioning and exit.

  • Exceeding internal book-value and price targets.

As part of its strategy, Global Food Properties elicited bids from two recognized prospects, both highly qualified; one was an investment firm, able to close quickly, provide exit flexibility, underwrite rent-free occupancy, and absorb surplus equipment within the sale. The other was a global snacks manufacturer, willing to maximize the price while agreeing to a deed restriction limiting future use. In the end, the investment firm’s speed to closing and transaction ease prevailed, while still allowing for elevated pricing.

The Next Step

Post-closing, Global Food Properties will showcase broadly the facility’s appealing frozen production infrastructure, to include a 9,900 lb. ammonia system, with two double-spiral freezers; bulk dry and liquid ingredient storage, mixing, and batching systems; and an anaerobic waste pre-treatment plant.

For additional details on the Atlanta facility’s pending availability, this case study, or how we can further your property interests, please contact or call +1 312 589 8844.