Mastronardi Produce Sells Cold Storage Warehouse in Texas to BH Properties
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.
BH is considering several options with the building including expanding the cold storage area to meet the supply/demand imbalance for cold storage space in the market.