San Antonio 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 San Antonio facility will enable Mucci to advance its growth in the southern United States through closer partnerships with farms in Mexico by offering reduced food miles and carbon footprint. The new facility will allow the company to distribute its full lineup of products to the region in a timelier manner, thus allowing consumers to take greater advantage of the maximum shelf life of the produce.