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 […]

Provender Partners Announces Sale of Two Grocery Distribution Centers

After More Than $6 Million in Recent Improvements, Provender Partners Sells Two Freezer/Cooler Facilities Totaling More Than 500,000 SF of Space Provender Partners today announced it has sold two facilities totaling more than 500,000 SF of space in St. Louis, Missouri and San Antonio, Texas. Both purchased in 2019, Provender Partners invested more than $6 million in extensive improvements and renovations to the distribution centers before securing 10-year leases from Dollar General in both locations. With freezer, cooler and dry storage, the Properties are part of Dollar General’s new DG Fresh initiative to bring logistics capabilities in-house, seeking […]

Helping With Shifts In US Food Supply Chain Dynamics

Acquisition Announcement: Provender Partners Acquires Two Chicago – Area Processing Facilities

Two Acquisitions Expand Provender Partners Portfolio and Help With Shifts in Food Supply Chain Dynamics Provender Partners today announced it has acquired two facilities in the Chicago area totaling more than 220,000 square feet of space and land at properties in the Chicago-area market, adding to its portfolio of more than 5M SF of refrigerated real estate throughout the United States. Provender Partners has acquired a food processing facility located in the O’Hare submarket at 5420 St. Charles Road in Berkeley, Illinois. The 141,000 SF facility is currently 100% leased to Preferred Meals, Inc., a leading provider of […]

Helping With Shifts In US Food Supply Chain Dynamics

Acquisition Announcement: Helping With Shifts In US Food Supply Chain Dynamics

Provender Partners is pleased to announce the acquisition of 525 W. Crossroads Parkway in the City of Bolingbrook, Illinois. Located in the heart of Chicagoland, aka the “Silicon Valley of Food & Beverage,” this location is ideal due to its long roster of Food & Beverage companies such as Mars, Wrigley, ConAgra, etc., and talent pool from area universities that fuel the food manufacturing labor base. The property is an 81,000 SF vacant meat processing plant, with robust waste water treatment capabilities, spiral freezer, ovens and smokers. As meat processors throughout the country seek geographic diversity and redundancy, […]