October 30, 2019
Cushman & Wakefield has arranged the $60.2-million sale and leaseback of a seven-property industrial portfolio totaling 791,000 square feet in California, Florida, South Carolina and Kansas.
Ben Cooper, Larry Wilks and Ben Pugh of Cushman & Wakefield’s Corporate Capital Markets group in Atlanta, along with Keith Bell of Cushman & Wakefield’s Charlotte office, represented the owner, The C.F. Sauer Company, in the transaction.
C.F. Sauer is now controlled by a private equity partnership, and operates as Sauer Brands. Sauer Brands manufactures a broad line of condiments, spices, seasonings and extracts, including Duke’s Mayonnaise and Gold Medal.
Six of the properties sold to a private REIT and the seventh sold to a different public REIT. Four of the properties are in Mauldin, SC, and the remaining three properties are located in San Luis Obispo, CA, New Century, KS and Orange, FL.
For comments, questions or concerns, please contact David Cohen