June 23, 2016
Fresh Express/Chiquita Brands International Inc. struck a deal with Rose FP LLC of Chicago to acquire a 113,000-square-foot, refrigerated, process/storage industrial building at 2370 W. Warrior Trail in Grand Prairie, TX. The buyer was once a tenant of the suburban Dallas building.
“This was a strategic purchase on behalf of the tenant,” explained Colliers International’s Marc Bonilla. “Chiquita Brands International, Inc. was acquired by Cultrale-Safra via its affiliate, Cavendish Acquisition Corporation to create the largest premier and sustainable fresh produce platform in the industry in a deal valued at $1.27 billion.” Bonilla represented buyer and seller.
The transaction is the second closed by Bonilla on behalf of the selling group. In July 2013, Bonilla completed a transaction involving 109,000 square feet occupied by the Southwest U.S. distribution facility of Sprouts Farmers Market.