Provender Partners has acquired a 285,476-square-foot industrial facility in San Antonio from beverage distributor Ben E. Keith Co. The seller occupied the asset since it was completed in the early 1990s, but relocated to a larger facility in Selma, Texas. The buyer financed the acquisition with a $14.4 million, three-year loan from Comerica Bank, according to Bexar County records.
Located at 5505 Kaepa Court, less than 9 miles northeast of downtown San Antonio, the facility grants easy access to both interstates 410 and 35 and is served by Union Pacific Railroad. Features include 40,184 square feet of cooler and 60,991 square feet of freezer space, 55 dock doors, along with 2 acres of trailer parking space.
Provender Partners purchased the 20-acre site asset with the intend to lease it. Founders Scott Delphey and Matthew Delphey from Food Properties Group, together with Endura Advisory Group Principal Charlie Hargis, will handle marketing and leasing at the property.
Recently, Entrada Partners purchased a 484,369-square-foot, four-property industrial portfolio. The 88 percent-occupied assets are close to Interstate 410 loop.