BUNDLED REAL ESTATE AND EQUIPMENT ASSETS TRADE WITHIN SECTOR

Leveraging Machinery to Define Use, Drive Value, Compress Vacancy

Global Food Properties was pleased to represent a leading private label food manufacturing in the sale of an integrated wheat mill and pasta manufacturing facility in the Upper Midwest. Operating with significant excess capacity, the Seller was interested in a bundled asset sale, to include in the transaction the real property and all remaining machinery and equipment.

Global Food Properties’ marketing campaign targeted major operators in the Northern States, as well in the Western Provinces of Canada. The facility and equipment were purpose-built for pasta production, supported by front-end Meridian Grain Max receiving bins, gravity-flow Ocrim and Maig milling lines, and Demaco pasta extruders, both long and short. Ultimately, the sale closed to a regional pasta and dry mixing company seeking to capture the significant cost and speed-to-market advantages of a turn-key plant.

For additional details on how bundling machinery and equipment with a vacant plant can create a market, define use, and drive value – all of which help compress time-on-market and carry cost – please contact our Co-Founder & Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.

INFRASTRUCTURE LEADS TO ALTERNATIVE USE

Value and Use are More Than Brick and Mortar

Global Food Properties was pleased to represent an investment partnership in the repositioning of a 72,027 SF frozen production plant coming off a long-term lease. The owners were open to a sale or lease; their only mandate was that the pricing of either reflect critical infrastructure, including refrigerated and frozen storage, elevated electric, and a purpose-built 140-ton pad mounted chiller designed to provide rigorous dehumidification and temperature consistency.

The property attracted significant interest, from tri-temp warehouse operators, to refrigerated and frozen food manufacturers; indeed, the scarcity of available food plants in the Mid-South even led to a bid from a Central Asian distillery. In the end, the property’s physical attributes proved utopian for the manufacture and distribution of artisan pet food, tapping the explosive growth in the premium and fresh categories.

Fluency in infrastructure and use is critical in marketing special use assets. If you’re requirement needs more sophistication than an understanding of ceiling heights, cross docks, and trailers spots, please call our Co-Founder and Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.

PROPERTY AVAILABILITY EXPERTISE

Drives Expansion in Plant-based Sector

Global Food Properties was pleased to represent a plant-based foods company seeking urgent manufacturing capacity for its growing business. Operating under a few loose geographic parameters, Global Food Properties compiled an extensive availability survey, with options ranked according to client preferences, particularly the necessity for unusually “high care” food safety and  interior finishes. After the a short-listing of the best options, plant tours commenced and a quick decision followed.

Significantly, the property selected was not available publicly: there were no brokers, there was no listing, and no public databases were showcasing details. However, Global Food Properties was aware the facility was vacant, and it arranged a Principals’ meeting to evaluate a potential sale. Negotiations unfolded quickly, and in less than 45 days a transaction was consummated.

Global Food Properties maintains a proprietary database of available facilities. If your property search requires a process more rigorous than calling a generalist broker for canned CoStar and LoopNet property data, please contact our Co-Founder & Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.

SUBJECT MATTER EXPERTISE IN VALUATIONS

Global Food Properties Serves as Rebuttal Witness

A leading global manufacturer of branded foods has retained Global Food Properties to assist its tax counsel in a significant property tax appeal. The facility is mission-critical in the protein production sector, and its size and complexity do not yield to “canned” data on value and use.

The crux of Global Food Properties testimony will be to challenge the assessors’ valuation, focusing acutely on the properties and interpretation of the data used in the Market Approach to Value. Participating in over $600M in food plant transactions, Global Food Properties has a rare fluency in the dynamics that drive value and use, including proprietary data and significant first-hand knowledge.

For additional details on our valuation expertise, whether in the context of a disposition, business combination or M&A, or a tax appeal, please contact our Co-Founder and Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.

DUE DILIGENCE IN EASTERN CHINA

Global Food Properties Advises European Frozen Manufacturer

Global Food Properties was pleased to assist a leading European deep-frozen fruit manufacturer assess its property options in Eastern and Northern China. Acting less as a broker and more as a “process driver,” Global Food Properties identified the local property experts, regulatory advisors, and developers in assembling a robust team capable of evaluating existing buildings and development options in China’s most ag-intensive provinces.

The most crucial benefit to the client was exposure to multiple brokerage houses and outside advisors, with clear visibility into the strengths and weaknesses of each. The largest firms are only as good as their local offices, which led to surprising outcomes and the need to think critically about where the real value lies.

For additional details on Global Food Properties unique global reach, or to speak confidentially with the European client referenced above, please contact our Co-Founder and Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.

DUAL BROKERAGE CREATES A WIN

Joint Expertise Leads to Quick Transaction

Global Food Properties, Chicago, IL., and Webb Properties, Albany, GA., were pleased to represent a leading branded foods manufacturer in the sale of its 225,000 SF shelf-stable food production facility in Southwestern, GA.

Global Food Properties created tremendous national visibility for the facility among users looking for ambient, non-refrigerated food production space; concurrently, Webb Properties leveraged it’s network of regional food and non-food prospects, resulting in an accelerated sale to a regional investor interested in adding speculative vacant space to its industrial portfolio.

Two brokers are better than one, particularly where next-generation use and value are not obvious and difficult to forecast. For additional details on how we partner with leading brokerage firms worldwide to create extraordinary outcomes, please contact our Co-Founder and Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.

CO-MANUFACTURER ADDS CAPACITY

Acquires Northeast Frozen Production Plant

Global Food Properties was pleased to consummate a significant off-market transaction involving a leading frozen and prepared foods manufacturer. The Seller was a private investor, and the property had been operated as a regional commissary for a premium retail chain.

The property was leased “turn-key,” with all production assets bundled and conveyed in a single transaction. Global Food Properties introduced the properties, in what became one of the most significant private transactions involving a frozen production plant in 2020.

For additional insights in how we can create real estate outcomes quietly, out of public view, please contact our Co-Founder and Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.