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, Provender plans to immediately embark on renovating the building to assist in the Country’s successful transitioning of the food supply chain.
Many thanks to Vern Schultz of Colliers representing the Seller and Tom Condon of Lee & Associates for representing Provender in the transaction.
In the last 6 weeks, Provender has completed the proverbial real estate trifecta; successfully selling a $90M plus asset in Texas, leasing a 267,702 SF building to Dollar General and now the acquisition of 525 W Crossroads. Learn more about these transactions and our current availabilities here.