NORTHBROOK, IL–(April 16, 2015) – Frontline Real Estate Partners was engaged by Bellisio Foods, one of North America’s largest branded providers of frozen foods, to run a streamlined marketing process to result in a sale-leaseback of their primary manufacturing facility and ancillary properties located in Jackson, Ohio. The state of the art production plant and support buildings totaled 704,000 square feet. Frontline was able to generate several all-cash offers from qualified investors and ultimately closed on the $50.0 million sale-leaseback transaction with a group based in Arizona. The marketing process was designed to ensure that all parties would complete due diligence prior to signing a Purchase Agreement and move directly towards closing once this was accomplished. Frontline was able to consummate the transaction on behalf of Bellisio in the necessary timeframe outlined by the client as the total timeframe from engagement to closing was 10 weeks.
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.