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iCORE represents Flowers Foods on the sale leaseback of six distribution facilities
iCORE Commercial, as exclusive corporate real estate provider for Flowers Foods, Inc., has recently completed the sale of six Flowers Foods bakery-distribution/store locations. In alliance with The Net Lease Group, iCORE has helped Flowers achieve their overall corporate finance objectives through this transaction.
The portfolio of six newly constructed, net-leased properties was sold to a single investor as a portfolio. The portfolio was geographically diverse with locations in three states: Florida, Georgia, and North Carolina. At sale, Flowers Foods signed a absolute triple net lease for the entire portfolio.
Flowers Foods is a publicly traded company (NYSE: FLO) with a market cap of $2.69 Billion. Flowers Foods carries an investment grade credit rating (BBB-) as rated by Standard & Poor's. Headquartered in Thomasville, GA, Flowers is a leading producer and marketer of packaged bakery foods in the United States.
The company operates 41 highly efficient bakeries that produce breads, buns, rolls, snack cakes, and pastries, which are distributed fresh to foodservice and retail customers in the Southeastern, Southwestern, and Mid-Atlantic States and frozen to national foodservice and retail customers.
Flowers' top brands include Nature's Own, Whitewheat, Cobblestone Mill, Tastykake, Mrs. Freshley's, European Bakers, BlueBird, and Mi Casa and regional brands that include ButterKrust,Captain John Derst's, Evangeline Maid, and Mary Jane & Friends. Among the company's top regional brands are Sunbeam, Bunny, Mary Jane, Aunt Hattie's, and Holsum.
About iCORE - Our services bring immediate experience and accountability to the management of real estate assets. It is our goal to reduce occupancy costs and accelerate the implementation of business strategies relating to your core real estate assets.
Parkway Products selects iCORE
Parkway Products selects iCORE for corporate real estate services to include leasing, disposition, and sale leaseback review and research advisory services. Parkway Products is a global leader in custom molding technologies, serving customers worldwide with a broad portfolio of design, production and program management capabilities. Parkway has facilities across North America, with customers located around the world.
iCore is a corporate real estate service provider dedicated to working with corporate real estate executives and CFOs of growing companies. Icore currently oversees a portfolio of over 1000 locations and 20 million square feet of industrial, manufacturing, office and retail commercial real estate.
Our services bring immediate experience and accountability to the management of real estate assets. It is our goal to reduce occupancy costs and accelerate the implementation of business strategies relating to your core real estate assets.
We have strategically structured our company on a smaller scale than many of our competitors making us extremely responsive to your individual commercial real estate objectives. This is in sharp contrast to some of our larger competitors who have hired young, inexperienced, real estate professionals to handle the business space requirements for medium to small real estate accounts. We have found that often times these "professionals" lack the experience or knowledge of specific local markets to leverage every lease concession, tax incentive & competitive property analysis to the client's advantage. Regardless of the size of your corporation, iCore has the knowledge, experience and proven track record to help you achieve your commercial real estate goals.
Flowers Foods chooses iCORE
iCORE signs a corporate real estate services agreement with Flowers Foods
Flowers Foods (NYSE: FLO), headquartered in Thomasville, Ga., is a leading producer and marketer of packaged bakery foods in the United States. The company operates 41 highly efficient bakeries that produce breads, buns, rolls, snack cakes, and pastries, which are distributed fresh to foodservice and retail customers in the Southeastern, Southwestern, and mid-Atlantic states and frozen to national foodservice and retail customers.
Flowers' top brands include Nature's Own, Whitewheat, Cobblestone Mill, Tastykake, Mrs. Freshley's, European Bakers, BlueBird, and Mi Casa and regional brands that include ButterKrust, Captain John Derst's, Evangeline Maid, and Mary Jane & Friends. Among the company's top regional brands are Sunbeam, Bunny, Mary Jane, Aunt Hattie's, and Holsum.
Flowers Foods is a leader in the baking industry. The company maintains some of the most efficient and technologically advanced bakeries in the country. Flowers is dedicated to providing delicious, quality baked foods at a good value. In fiscal 2010, Flowers Foods had sales of $2.6 billion. Income from continuing operations was $137 million.
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Contact Us to learn more about how iCORE helps A & S and our other clients minimize their real estate operating costs.
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