Industrial Midwest

STREAM Capital Partners closes sasle of Midwest food production facilities

STREAM Capital Partners, LLC, recently arranged the sale and leaseback of four refrigerated, food production and distribution facilities in Boston and the Midwest.

The facilities are occupied by a private manufacturer and distributor of packaged and value-added meat products, snacks and appetizers.

The buyer, a private real estate investor, acquired the four properties and simultaneously entered into a long-term lease with the tenant.

Chelsea Mandel and Phil DiGennaro of STREAM Capital Partners represented the seller on the transaction.

Mandel and DiGennaro said that they expect to see more food-related facility sale leasebacks as investor demand for food-related properties strengthens, given positive investor sentiment around this industry and asset class.