February 5, 2020
LCN Capital Partners sold the 535,000-square-foot former Shopko Distribution Center in Papillion, NE to Papillion Foods. Deal terms weren’t disclosed.
Shopko originally constructed the distribution center in 2000 with an addition in 2004. LCN purchased the facility in 2015. After Shopko vacated the property in early 2019, Cushman & Wakefield/The Lund Company began marketing the property for sale.
Dennis Sciscoe and Mike Earl with Cushman & Wakefield/The Lund Company represented LCN. Brian Fogelberg and Emily Claridge with Transwestern in Minneapolis represented Papillion Foods.
The 80-acre property is located in the Sarpy West industrial submarket of Omaha, said to be the most active submarket in the region. Many users and investors have been drawn to this submarket, with Google, Facebook and Amazon among the most prominent.
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