Smart Foodservice Portfolio Trades Hands
Kidder Mathews’ Erik Swanson and Mike King executed the $10.95-million sale of a 40,000-square-foot Smart Foodservice portfolio. The two-property portfolio includes stores in Tumwater, WA and Portland.
The seller leased back the assets for 20 years. The buyer was undisclosed. Kidder Mathews’ Brian Engelking, Max Frame, and John Booth assisted in getting the deals across the finish line.
Headquartered in the Portland area, Smart Foodservice Warehouse Stores has been operating throughout the Northwest for more than 60 years. The company has more than 70 wholesale food distributor and foodservice warehouse locations throughout the western U.S. including in Washington, Oregon, California, Idaho, Nevada, Montana and Utah. It is a subsidiary of Smart & Final Stores, Inc.
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