Press Release brought to you by Podolsky | Circle CORFAC International

Gourmet Foods International Opens First Midwest Distribution Center in Kenosha

08/19/2015

Podolsky|Circle CORFAC International has completed a transaction on behalf of Gourmet Foods International (‘GFI’) for the purchase of a 35,216 sq. ft. industrial building at the Business Park of Kenosha.  Podolsky|Circle Principals Adam J. Tarantur, CCIM, and Steven H. Tick, SIOR, along with Associate Michael L. Hussey, announced the transaction.

GFI, a leading nationwide distributor of specialty foods, plans to open their first Midwest distribution center to better serve their clients in the region.  A Wisconsin presence is a natural for the company, as it primarily deals in fine cheeses.  Currently, GFI’s Midwest clients are serviced from the company’s headquarters, located in Atlanta.  They also have locations in Texas, Colorado, New Jersey and Florida. 

The future distribution center is located at 9629 58th Place, Kenosha, Wisconsin and is part of the Business Park of Kenosha, a 235 acre, 2.6 million square foot industrial business park development strategically located between Chicago and Milwaukee.  The building sits on a 6.6 acre land site, large enough to accommodate a future addition of approximately 70,000 sq. ft.  Built in 2001, the facility features modern amenities such as 26-foot ceilings.

In order to convert the warehouse to a food grade facility GFI will install freezers/coolers throughout the vast majority of the building.

Once operational, the facility is expected to add roughly 50 jobs to the Kenosha area in the next 2-3 years.

Podolsky|Circle provided various services to GFI throughout the process, including executing the property search, negotiating the site acquisition and performing due diligence.  The firm, alongside the Kenosha Area Business Alliance, also obtained an attractive incentive package for their client from the Wisconsin Economic Development Corporation.

“Gourmet Foods International has known for some time that they eventually wanted a presence in Wisconsin, the cheese capital of the U.S.  When this property became available, we felt it was the perfect opportunity for GFI to acquire a modern asset that allows them to put down roots right away while also giving them significant future expansion capabilities,” stated Tarantur.

Nicholas Walby with Entre Commercial Realty, LLC in Schaumburg represented ownership, a private entity, in the transaction.

08/19/2015 - 14:00

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Podolsky | Circle CORFAC International

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