Colliers International Chicago’s Mike Senner and Tom Rodeno represented Promus Equity Partners, LLC, who led a recent investment in Caputo Cheese (Caputo) brand and business, in the sale-leaseback of four of its industrial facilities totaling 149,454 square feet. STORE Capital acquired the portfolio located in Melrose Park, IL, for an undisclosed price.
The buildings are located at 1931 N. 15th Ave., 1945 N. 15th Ave., 1951-53 N. 15th Ave., and 2050 N. 15th Ave. and have served as cheese manufacturing and processing, distribution, storage facilities and a company store for Caputo Cheese for the past two plus decades. They remain critical to the Caputo enterprise.
· 1931 N. 15th Ave. is a 52,019-square-foot climate-controlled building used for production.
· 1945 N. 15th Ave. is a 49,203-square-foot climate-controlled building used primarily for storage.
· 1951-53 N. 15th Ave. is 14,178 square feet and is also used for storage.
· 2050 N. 15th Ave. is a 34,054-square-foot warehouse.
Caputo signed a 20-year lease.
“We are pleased to have secured a solution for our client and appreciate the contributions Promus and STORE made to the seamless execution of this transaction,” said Senner.
