VERNON, CALIF. — Sweetener Products Co., with assistance of brokers from NAI Capital and NAI Puget Sound Properties, in July entered into a multi-year sell-and-lease back agreement with Black Creek Group, Denver, for its Kent, Wash., warehouse location.
“This transaction enables Sweetener Products to realize considerable return on our well-timed investment while maintaining our Pacific Northwest presence to service our customers, growing regional demand and increasing profitability,” said Joe Tack, president and chief executive officer of Sweetener Products.
“We selected Black Creek Group as their offer best fits Sweetener Products’ needs,” he said, noting that numerous real estate investment funds competed for the warehouse.
Sweetener Products stores, handles and supplies sugar and other nutritive sweeteners, starches, salts, proteins, fiber, gums, pulse grains and other specialty ingredients, including non-G.M.O. and organic, to nearly 1,000 customers in the baking, beverage, confectionery, dairy and food contract manufacturing industries throughout the western United States.