“We were very pleased with the team we assembled, and our speedy execution ultimately led to increasing the value of Sunny Delight Beverages and to the City of Littleton,” says Greg Johnson, CEO of Odyssey.
LAS VEGAS (PRWEB)
March 23, 2017
Odyssey Real Estate Capital, a Las Vegas-based real estate investment firm, completed the sale of its 332,000 SF industrial real estate project in Littleton, Massachusetts.
Sunny Delight Beverages, the previous owner of the plant, had marketed the industrial building throughout 2015 but was unable to find a buyer. However, in November of 2016, less than a year after Odyssey joined forces with New Mill Capital from Los Angeles and Gordon Brothers Group from Boston, the team was able to find a buyer and close the deal.
Greg Johnson of Odyssey describes how New Mill sourced the deal, and initially wanted Odyssey to produce a plan for separating and selling the real estate components. The 29-acre factory campus includes a juice processing plant, a bottling and cold storage facility, warehousing, research and office facilities, a rail spur and a high capacity reverse osmosis water processing plant.
Graham Nelson, an Odyssey Principal adds, “Our venture came together to support a quick liquidation for Sunny Delight. We bought this asset with the hope of finding a user that wanted the entire plant though we felt we could make a fair profit selling the bottling line equipment at auction and separating and selling the industrial and office real estate components to separate users.”
Ultimately, the team was able to generate significant interest…