SALE/LEASEBACK OF 2.1M SQUARE FOOT GLOBAL PORTFOLIO
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.