Beverage Distributor Completes $76MSale-Leaseback Transaction

PHOENIX-Market conditions and timing were the driving factors behind beverage distributor’s Hensley & Co.‘s decision to sell its three regional warehouse and distribution facilities. Upon closing, Hensley, which distributes Anheuser-Bush products throughout the areahad sold a total of 577,167 square feet to New York City’s Angelo, Gordon & Co.’s net lease division for $76 million – then leased the space back from the new owner.

“Henley is a 57-year-old company, and they felt the market conditions were right to redeploy capital and reinvest in the long-term growth of the company,” says Chris Toci of Cushman & Wakefield of Arizona Inc. Toci, along with Cushman & Wakefield colleagues Chad Littell and Jim Wilson represented the seller/tenant in the transaction. The three properties are located at: