Monogram Foods has started construction on a new 135,000-square-foot production facility in Creek Brook Park, Haverhill, Massachusetts. Monogram has plant and warehousing facilities in Indiana, Iowa, Minnesota, Virginia and Wisconsin. This is Monogram’s 3rd Massachusetts location, and will feature 109,000 square feet of multi-temperature warehouse space, plus a 26,000-square-foot sandwich assembly area. The facility is expected to be completed by mid-2022.
Dedeaux Properties has sold a 290,368-square-foot cold storage and food processing portfolio to a global real estate services company for an undisclosed price. The portfolio, which is made up of four central Los Angeles-area assets ranging in size from 38,000 to 111,000 square feet, were part of a larger industrial portfolio acquired by the Dedeaux-led joint venture in 2016. Each property was 100% leased at closing.
Mastronardi Produce--parent company of Sunset fruits and vegetables--has sold its 187,392-square-foot dry and cold storage warehouse facility in Laredo, Texas, to BH Properties in a short-term sale leaseback transaction. The 132-door cross dock facility is the first asset in Laredo for BH Properties, a real estate investment firm which has approximately 20% of its 10 million-square-foot commercial and industrial real estate portfolio in Texas.
Dedeaux Properties and joint venture partner Ledo Capital Group has sold its Vernon Avenue Logistics Center, a recently completed, fully occupied 46,422-square-foot cold storage facility in Vernon, California, for $14.85 million.
The supply chain advisory practice includes 15 supply chain experts stationed in North America, Asia, Europe and Australia to assist clients in designing, evaluating and enhancing global supply chains.
July 19, 2019
CBRE, Los Angeles, introduced Intelligent Site Selection, a proprietary process for advising e-commerce companies and other occupiers on the evolving scope of factors that can influence their use of industrial and logistics real estate and how it enhances their supply chain and distribution.
CBRE | MEGA manages a portfolio of more than 5.5 million square feet.
July 8, 2019
CBRE Group, Inc., Los Angeles, acquired its longtime affiliate, CBRE | MEGA, an Omaha, Neb.-based commercial real estate services firm managing a portfolio of more than 5.5 million square feet.
The impact of e-commerce on Americans’ shopping habits and consumer expectations has significantly disrupted the logistics industry and is rippling through retailers’ supply chains.
Investments in logistics infrastructure, supply chain optimization and expanded infill warehousing facilities have enabled retailers and supermarket chains to expand their store footprints and experiment with new shopping channels.
The food and beverage sector will undergo rapid evolution due to demographic shifts, economic factors and automation.
April 18, 2019
The new report, published by CBRE, Los Angeles, makes several predictions about the near-term outlook for the U.S. restaurant and grocery industries and potential implications for retail real estate.
CBRE’s analysis found that larger concentrations of food-grade cold storage facilities occur in states with substantial agricultural production, large populations or both.
March 15, 2018
The growth of online grocery sales could result in demand for up to 35 million square feet of U.S. cold storage space shifting from retail stores to warehouses and distribution centers within the next seven years, according to a new report from CBRE, Los Angeles.