Connect Media > Texas News > San Antonio > Cold Storage Centers Trade in San Antonio, St. Louis

August 11, 2020 Comments Off on Cold Storage Centers Trade in San Antonio, St. Louis Views: 536 San Antonio, Texas News

Cold Storage Centers Trade in San Antonio, St. Louis

Order Reprints...

Provender Partners sold two cold storage distribution centers totaling more than 500,000 square feet in San Antonio and the St. Louis metro area for a combined $64 million to an undisclosed buyer. Both have 10-year leases to Dollar General for its DG Fresh initiative.

The St. Louis distribution center is 232,556 square feet and is located at 7101 Hazelwood Ave. in Berkeley, MO. The San Antonio center is 267,702 square feet and is located at 5505 Kaepa Ct.

Guy Ponticello and Robert Gibson of CBRE and Scott Delphey of Food Properties Group represented Provender Partners.

“As demand for infill cold storage facilities grows, assets like these will become more valuable in light of limited supply and high build costs,” said Provender Partners’ Neil A. Johnson. “Both of the properties feature strong surrounding demographic profiles, coupled with tenancy from an investment grade rated corporation, they offer a unique and compelling investment.”

Connect With CBRE’s Ponticello

Connect With Food Properties Group’s Delphey

Connect With Provender Partners


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.