OAK BROOK, IL – CenterPoint Properties recently executed the sale of 2900 Shermer Road, Northbrook, Illinois to Tasty Breads International. John Suerth, Jason Lev, and Jeff Counsell of CBRE represented CenterPoint, while Jeff Provenza of Darwin Realty represented Tasty Breads. The disposition of the 57,554 SF state-of-the-art food-grade facility was a tactical element in the investment strategy of Tasty Breads International as they expand their production and distribution of frozen dough products across the country.
The building features separate employee entrances, locker rooms, and facilities for associates who handle cooked and raw food products, allowing multiple product types to be handled simultaneously, but in segregated capacities. The facility is designed to operate as a food-handling facility with an in-place freezer and cooler, two spiral freezers, and an ammonia refrigeration system.
Tasty Breads, who will open this second facility in early 2014, is a family owned and operated company, which creates custom dough recipes for restaurant chains and retail grocery stores including breads, pizza dough, southern style biscuits and gourmet cookie dough.
“When CenterPoint approached us with the opportunity to purchase the 2900 Shermer Road property, we were thrilled with the option to own a space that not only accommodates our food-processing needs, but one that facilitates our expansion efforts as we continue to grow as an industry leader in the food processing industry,” stated Gus Bartsocas, President of Tasty Breads International. “The facility meets all of the qualifications we were interested in investing in, providing the products and features we utilize daily to produce the finest quality dough products for our customers nationwide.”
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 45.5 million square feet and 6,400 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
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