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Cold Storage Centers Trade in San Antonio, St. Louis

Provender Partners sold two cold storage distribution centers totaling more than 500,000 square feet in San Antonio and the St. Louis metro area for a combined $64 million to an undisclosed buyer. Both have 10-year leases to Dollar General for its DG Fresh initiative.

The St. Louis distribution center is 232,556 square feet and is located at 7101 Hazelwood Ave. in Berkeley, MO. The San Antonio center is 267,702 square feet and is located at 5505 Kaepa Ct.

Guy Ponticello and Robert Gibson of CBRE and Scott Delphey of Food Properties Group represented Provender Partners.

“As demand for infill cold storage facilities grows, assets like these will become more valuable in light of limited supply and high build costs,” said Provender Partners’ Neil A. Johnson. “Both of the properties feature strong surrounding demographic profiles, coupled with tenancy from an investment grade rated corporation, they offer a unique and compelling investment.”

For comments, questions or concerns, please contact Paul Bubny

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Connect With CBRE’s PonticelloConnect With Food Properties Group’s DelpheyConnect With Provender Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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