PORTLAND-Locally based YoCream International has signed a five-year lease for a 19,000-sf industrial building adjacent to its 35,000-sf manufacturing plant near 87th Avenue and Northeast Columbia Boulevard.

The publicly traded frozen dessert maker’s director of investor relations Terry Lusetti tells GlobeSt.com the building replaces a smaller leased facility several miles to the east on Airport Way. “Two years ago, we took what we could get,” he says. “Now, there are more options.”

The company’s manufacturing plant is located at 5858 87th Avenue NE. The company has 10 years left on its lease of the building. The new leasehold is located at 8715 NE Columbia Boulevard. The building traded hands last month for $1.4 million. The buyer was the owner of YoCream’s manufacturing plant, Pente Investments, which is comprised of individuals involved with YoCream. The seller was Western Brass Development Corp. Western Brass Subsidiary Industrial Parts Depot previously occupied the space.

Broker Tom Dechenne of locally based Norris Beggs & Simpson represented Pente in the acquisition. Dechenne tells GlobeSt.com that Pente and YoCream have been interested in the building for several years. Western Brass in past years had been unwilling to sell but in February changed its mind after structural changes in the company prompted the downsizing of Industrial Parts Depot, says Dechenne, who ultimately placed IPD into YoCream’s former location, a 5,500-sf at 13124 NE Airport Way.

IPD’s old space gives YoCream more flexibility, more efficiency and increased capacity, says YoCream’s director of supply chain operations. “By moving raw materials and packaging to (the adjacent building), we substantially reduce offsite storage and freight expenses, offsetting the costs of the new space.”

Founded in 1977, YoCream produces, markets and sells frozen yogurt, ice cream, frozen custard, soy desserts and smoothies.

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