Andrew Sandquist and JC Asensio of CBRE's Corporate Capital Markets team have completed the sale and leaseback of a 2.1 million-square-foot global portfolio of bakery and distribution facilities to AG Net Lease in a transaction valued at $160 million.
Andrew Sandquist and JC Asensio represented CSM Bakery Solutions, LLC in the transaction. The transaction includes 18 properties located throughout the U.S., Canada, Germany and the United Kingdom. Monetizing the global portfolio coincided with the recapitalization of CSM Bakery Solutions.
CSM Bakery Solutions LLC (“CSM”) is a leading global producer and business-to-business distributor of bakery ingredients, semi-finished and finished products, with leading market positions in Europe and North America. CSM is headquartered in Atlanta, Georgia, and operates in more than 60 locations with approximately 8,500 full-time employees worldwide.