Stream Capital Partners arranged the sale and leaseback of two cold-storage, food-production facilities in Dallas and San Antonio for an undisclosed sum. The properties total 187,000 square feet.
Chelsea Mandel of Stream Capital Partners represented the seller in the transaction. The facilities are occupied by Surlean Foods, a leading custom food manufacturer of both raw proteins and cooked kettle items. Founded in 1979, the company is a third-generation, family-owned business.
“This was a terrific transaction to lead,” said Mandel. “My client now has a real estate partner to help facilitate the business’s growth, and the buyer added to its portfolio two high-quality, cold storage assets in growing industrial markets leased on a long-term basis to a premier tenant in the food manufacturing space.”
Mandel has been active in the cold-storage sector and sees tremendous investor appetite for freezer/cooler, food-related facilities. She expects this trend to continue throughout 2021.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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