No Meat Factory Buys Stanwood Facility for $20M
CBRE has arranged the sale of the former Twin City Foods plant, a 196,000-square-foot food processing facility in Stanwood, WA. Canadian plant-based meat alternative company No Meat Factory (NMF) purchased the asset from Twin City Foods for $19.5 million.
Located at 10120 269th Place NW, the facility will serve as NMF’s first U.S.-based food processing operations. The property was building in 1997 with freezer storage, dock-high and grade-level access, as well as office, lab and kitchen areas.
CBRE’s Steven Brunette, Noah Roehl, Andrew Stark, Andrew Hitchcock and Harry Ghag represented both parties in the transaction.
After investing $20 million in renovations, No Meat Factory will produce a full line of convenience products at the plant, including veggie burgers and nuggets, a veggie-based ground beef substitute, seafood alternatives and sausages.
The Washington State Department of Commerce also announced that a $200,000 state economic grant has been awarded to Economic Alliance Snohomish County that will support site engineering and development costs as well as initial upgrades to the plant.