Oak Farms – Dallas
Sale and Leaseback
Dean Foods Company anticipated the potential closure of its Oak Farms facility near the Trinity River Corridor in Dallas, Texas and asked SASCO to assess the opportunity and the timing of a potential sale of the property. Over a year period, SASCO confidentially marketed the 15.52-acre site and negotiated the sale to a group of investors planning a major mixed-use redevelopment. SASCO secured a two-year sale/leaseback of the property to enable Dean Foods to continue its operations and plan an orderly transition of its operations.
“Over the years, we have grown to trust SASCO to advise us on the right calls at the right time. The sale of our Oak Farms facility was a great example of their judgment and market knowledge – they were able to time and structure the sale to bring us the best value together with the flexibility we needed to manage our operations.”
Greg Tanner – CEO, Dean Foods Company