CN Fund Management, LLC, manager of Park Ave RE Holdings, LLC (“PARE”), (collectively, the “Seller”) has completed the sale of an 86,900 square foot food production facility located in Duluth, Georgia. The single-tenant property is occupied under a long-term lease by Diamond Crystal Brands (“DCB”), a leading manufacturer and distributor of portion control and single serve foodservice solutions. The facility serves as an integral component of DCB’s liquid portion meal enhancement product offerings. The buyer was a private 1031 investor.
The sale of the property was brokered by Ben Tashakorian at Marcus & Millichap and Matt Wirth at Colliers International.
About Columbus Nova MB
Columbus Nova MB (“CNMB”), with offices in Charlotte, New York, manages portfolios of real estate assets for a variety of investors through its separate account and Baikal programs. CN Fund Management, LLC is owned by Columbus Nova MB and manages real estate portfolios for institutions and family offices. Columbus Nova MB also provides advisory services to middle market companies and real estate owners through its broker dealer, Roosevelt Equity Corporation. Please visit http://www.columbusnovamb.com/ for more information about Columbus Nova MB. For information about PARE or this transaction, please contact Amos Beason +1 (704) 285-7750, Lon Brown at +1 (704) 285-7756. Also, visit us at www.twitter.com/ColumbusNovaMB
PARE is a portfolio company of Benefit Street Partners (“BSP”), and was formed to invest in mission-critical sale-leaseback, single-tenant, net lease properties associated with the middle-market private equity community. PARE has offices in Charlotte, NC and New York, NY.