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.
About a month ago, we received an inquiry from a government contractor asking if our company, Yukon Ventures, would be interested in a top-secret cold storage opportunity. We read between the lines and understood that the contractor was talking about the rollout of the new COVID-19 vaccine, a subject dominating headlines everywhere.
Freshly, the leading fresh-prepared meal delivery service in the U.S., announced the launch of FreshlyFit, the company's first dedicated product line designed for consumers looking to command their health and fuel active lifestyles. Like Freshly, FreshlyFit's ready-to-eat meals are gluten-free and built on a foundation of clean, whole-food ingredients, but focus on a lower-carb, protein-powered nutritional profile to help fuel workouts, optimize recovery, maintain muscle mass, and support weight management. FreshlyFit meals have an average of 14 grams of net carbs, over 30 grams of protein, and 550 calories or less. More than a third of the meals contain zero added sugars.
Almark Foods and Michael Foods, a subsidiary of Post Holdings, announced that they have entered an agreement for the sale of Almark Foods. The transaction is set to be completed by Q1 of 2021.
Houweling’s Group has moved to its new Nogales, Arizona, distribution and packing services center. Having outgrown the 18,000-square-foot facility the company operated the last few years, the new 30,000-square-foot facility has 50% more receiving bays, six coolers with the ability to manage three separate climate zones and a cooled packing area.
Cold Summit Development has launched its first project in Dallas, a 343,000-square-foot multi-tenant cold storage facility (“Cold Summit Dallas”). The $60 million project is located at 2800 Cedardale Road on a 29-acre site within the South Dallas industrial submarket.
We catch up with potato pioneers McCain Foods, our 2012 Frozen Foods Processor of the Year, to see how the company has evolved and expanded since then.