Romulus Cold Storage
Saxum Real Estate, in partnership with Vukota Capital Management, has closed on the opportunity for a build-to-suit development of two single-tenant cold storage facilities within Opportunity Zones located in San Antonio, TX and Romulus, MI, respectively. Mucci Farms, one of the largest distributers of greenhouse vegetables in North America, will be leasing back 54,000 square feet in San Antonio, TX and 66,300 square feet in Romulus, MI, respectively, under long-term leases. Both opportunities are also designed to facilitate future expansion on the properties.
The Michigan warehouse will enable Mucci to better handle the additional produce grown from its planned 60-acre greenhouse in Huron, Ohio (currently 24 acres built and harvesting produce) and recent acquisition of Orangeline Farms, a 32-acre pepper grower.