{"id":1004503837,"date":"2021-01-13T04:53:47","date_gmt":"2021-01-13T12:53:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004503837"},"modified":"2021-01-28T23:22:32","modified_gmt":"2021-01-29T07:22:32","slug":"provender-partners-selling-spree-continues","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/provender-partners-selling-spree-continues\/","title":{"rendered":"Provender Partners’ Selling Spree Continues"},"content":{"rendered":"
\"\"<\/a>

Mid Atlantic Food Center. Image courtesy of Provender Partners<\/i><\/p><\/div>\n

Provender Partners has sold the Mid-Atlantic Food Center, a 363,900-square-foot distribution facility in Severn, Md. Scout Capital Partners acquired the property for $62 million. According to CommercialEdge data, Provender had purchased the asset in 2018, for $23 million.<\/p>\n

Built in 1990, the Class A property includes\u00a0a 101,500-square-foot freezer, 47,000 square feet of cold storage and 150,300 square feet of dry warehouse space. After the 2018 acquisition, the buyer implemented a capital improvement plan at the building. In October 2020,\u00a0Nash Finch Co. signed a seven-year lease<\/a>\u00a0for the entire asset. JLL’s David Dannenfelser and Chris Cummings from Colliers\u00a0assisted both parties in the negotiation. The duo, along with JLL’s Bruce Strasburg\u00a0and\u00a0Craig Childs, also brokered the trade to Scout Capital.<\/p>\n

Located at 8024 Telegraph Road, on approximately 31 acres, the building is within 5 miles of Interstate 97. The property is also 6 miles from Baltimore\/Washington International Thurgood Marshall Airport and 16 miles from the Port of Baltimore.<\/p>\n

Last year, Provender sold more than $215 million in assets and leased more than 790,000 square feet of refrigerated facilities across the U.S. In late 2020, the company also formed a joint venture with Cerberus Capital Management<\/a>. The partnership will seek to build a multibillion-dollar portfolio of U.S. cold storage facilities. The joint venture also intends to expand a strategic program that enables farmers to pivot between bulk and individual packaging.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company sold a 363,900-square-foot industrial asset in Severn, Md., for more than $60 million.<\/p>\n","protected":false},"author":868,"featured_media":1004505070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21748,21783,11,21742],"tags":[50440,32763,32796],"class_list":["post-1004503837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-industrial","category-investment","category-midatlantic","category-latest","tag-chris-cummings","tag-colliers-international","tag-jll"],"acf":[],"yoast_head":"\nProvender Partners' Selling Spree Continues - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/provender-partners-selling-spree-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Provender Partners' Selling Spree Continues\" \/>\n<meta property=\"og:description\" content=\"The company sold a 363,900-square-foot industrial asset in Severn, Md., for more than $60 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/provender-partners-selling-spree-continues\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T12:53:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-29T07:22:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/01\/Mid-Atlantic-Food-Center.-Image-courtesy-of-Provender-Partners1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/provender-partners-selling-spree-continues\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/provender-partners-selling-spree-continues\/\",\"name\":\"Provender Partners' Selling Spree Continues - 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