Provender Partners has closed on a 185,569-square-foot cold storage facility in Dallas, the third and final piece of a 469,000-square-foot, tri-temp real estate portfolio acquired from an undisclosed national food service company for nearly $50 million.
The seller will lease back the three buildings in Dallas; Kissimmee, Florida; and St. Louis, Missouri, for the next two years, as it completes construction on three new larger facilities in those markets.
The buildings at 5225 Investment Drive in Dallas (189,569 square feet), 3737 N. Broadway in St. Louis (138,282 square feet) and 1700 Avenue B in Kissimmee (145,540 square feet), are strategically located in prime distribution hubs within their respective markets. Each feature a combination of freezer, refrigerated and ambient storage space along with refrigerated docks and clear heights ranging from 30 to 36 feet.
Chris Robinson with Fischer and Scott Delphey with Food Properties Group represented both parties in the portfolio sale.
