Provender Partners Acquires Two Food-Related Industrial Buildings in New Hampshire

The cold storage warehouse acquisitions provide a strategic opportunity to support a distribution system that serves over 87 million within a day’s drive. Provender Partners, a leading food-related industrial buildings investor, has acquired two Class A cold storage warehouses totaling approximately 316,000 square feet in Londonderry, New Hampshire $67 million transaction. Leased by ReallyCold, the facilities are strategically located to serve a population of more than 87 million within an approximately 500-mile radius. Located less than a mile from Interstate 93, the 191,836-square-foot Class A cold storage warehouse at 219 Rockingham Rd. comprises 147,623 square feet of -100 […]

Provender Partners Acquires Midwest Food Related Industrial Building Portfolio

Acquisition provides strategic opportunity to support distribution system critical to the food supply chain. Provender Partners, a leading food-related industrial buildings investor, has acquired a 469,673-square-foot tri-temp distribution portfolio that serves as the Midwest food and convenience channel supply chain for Core-Mark, in a $23.975 million transaction. The portfolio comprises a 435,968-square-foot warehouse and distribution center in Carroll IA, and a strategic network of six support facilities 100 percent leased to Core-Mark, one of the nation’s largest wholesale distributors to the convenience retail industry, and a unit of The Performance Food Group. The warehouse and distribution center is […]

Provender Partners Acquires 570,000 Square-Foot Temperature Controlled Facility in Chicago MSA

Firm grows Chicago food-related industrial real estate portfolio to nearly one million square feet in 18 months. Provender Partners continues to expand its Chicagoland food related-industrial building (FRIB) portfolio with the acquisition of a 570,028-square-foot warehouse and distribution facility with 50 acres of excess land in the Chicago MSA for $30 million. The property is located at 1125 Sycamore Road in the Village of Manteno, 55 miles south of downtown Chicago. Built in 1999, the building is 100% temperature controlled accommodating a wide array of uses. It also features 41-foot clear heights, 84 docks, rail service and 132 […] Cold Storage Firm Wants To Solve The Food Supply Chain’s Biggest Problem

U.S. supply chains suffered massive disruption in the wake of the coronavirus pandemic. Vulnerabilities across different sectors were suddenly highlighted, including the fragility of essential food production, storage and consumption. As restaurants closed their doors to dine-in customers, demand for bulk ingredients began to fall. The food service companies that supply restaurants cut back on orders from farms, but the production of agricultural goods continued. Farmers typically provide their products to processors and food service companies in bulk. But the food supply chain’s inability to pivot from bulk packaging to consumer-sized packaging meant that the surplus of products […]

Birmingham Business Journal: Provender Partners investing $9M for Birmingham renovation, eyes potential new development

A California investor in food-related industrial buildings is making a big investment in its new property in Birmingham. Provender Partners is investing $9.1 million in a renovation project at 400 Industrial Drive, Unit 1, after acquiring the property for $20.2 million last month. Design-build construction company Primus Builders, which is based in Woodstock, Georgia, is the general contractor on the project. The building includes 230,000 square feet of cooler space and 185,000 square feet of freezer space. Provender Partners is also looking into developing about 20 acres of vacant land on the site for additional cold storage space, […]

Provender Partners Announces Sale of Maryland Distribution Center

Premier Refrigerated Real Estate Investor in the U.S. Sells Distribution Center After Securing 7-Year Lease With Fortune 500 Company Provender Partners today announced the sale of a freestanding food distribution center for $62 million to Scout Capital Partners. Provender Partners purchased the 363,872 SF tri-temperature food distribution facility located at 8024 Telegraph Road, Severn, Maryland in December 2017. After investing several million in improvements and renovations, Provender secured a seven-year lease with Nash Finch Company in October 2020. Bruce Strasburg, David Dannenfelser and Craig Childs of Jones Lang LaSalle and Chris Cummings of Colliers International represented Provender Partners […]

Provender Partners and Cerberus Announce Joint Venture

Partnership Builds on Provender Partners’ Position as Premier Refrigerated Real Estate Investor in the U.S. Provender Partners, the premier refrigerated real estate investor in the U.S., today announced a joint venture with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. The partnership will focus on building a multibillion-dollar portfolio of cold storage and processing facilities in the United States, while bringing vital supply chain solutions to market. Furthering Provender Partners’ position as the leading investor of refrigerated real estate in the United States, the joint venture will provide for a broad range […]

Provender Partners Leases Maryland Food Distribution Center to Nash Finch Company

Premier Refrigerated Real Estate Investor in the U.S. Secures 7-Year Lease with Fortune 500 Company Provender Partners today announced it has secured a 7-year lease with Nash Finch Company, a Fortune 500 company involved in food distribution primarily to independent supermarkets. Nash Finch Company has leased the entire 363,872 SF freestanding food distribution center located at 8024 Telegraph Road, Severn, Maryland. Ideally positioned near the Baltimore Washington Corridor, the tri-temperature food campus offers freezer, cooler and ambient temperature warehouse space. The total lease consideration is $25.760 million. David Dannenfelser of Jones Lang LaSalle and Chris Cummings of Colliers […]

Provender Partners Acquires Two Cold Storage Facilities in San Francisco Area

Acquisitions Expand the Portfolio of Premier Real Estate Investor / Operator of Food Related Industrial Buildings in the U.S. Provender Partners today announced it has acquired two facilities in the San Francisco area totaling more than 160,000 SF of space on more than 8 acres of land. The transaction adds to its acquired portfolio of more than 5M SF of refrigerated real estate throughout the United States. Provender Partners purchased two properties, 860 and 940, both on 81st Avenue in Oakland, California. Both facilities include freezer, cooler and dry storage and are ideally positioned near the Port of […]