Week Ending September 18, 2020
FEATURED PROPERTY
FOR LEASE OR SALE |
10295 Toebben Drive, Independence, KY
106,077 SF cold storage and distribution facility south of Cincinnati. Located in a business-friendly environment, this site provides un- precedented major population access, with the ability to reach Lexigton, Louisville, Indianapolis, Cincinnati, or Columbus in less than 2.5 hours.
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WEEKLY HEADLINES
Whole Foods CEO says many people are done with grocery stores
CEO John Mackey discusses Americans’ changing food-buying habits, leadership lessons from Jeff Bezos and the problem with lockdowns.
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Papa John’s announces plans for new Atlanta global headquarters
Papa John’s International, Inc announced plans to open a new global headquarters in the Metro Atlanta, GA region, where menu innovation; marketing; customer experience; HR; diversity, equity and inclusion; communications; and development functions will be located.
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Lineage Logistics $1.6B fundraise includes Oxford Properties
The WA-based food warehouser that has grown to become the world’s largest temperature-controlled industrial REIT supporting the global food supply chain, has announced a $1.6 billion fundraise that includes a full slate of North American institutional investors.
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General Mills launches its first keto-friendly line
General Mills launched its first keto-friendly line, featuring cultured yogurt dairy snacks and crunchy bars. Both contain 2 grams of net carbs and 1 gram of sugar per serving.
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FEATURED ARTICLE
Kraft Heinz to sell part of cheese business for $3.2B
Kraft Heinz Co. is parting with a big chunk of its cheese business, a sign of the challenges facing food companies whose scale complicated operations as the coronavirus pandemic drove unprecedented demand. Kraft Heinz said that it had reached a deal to sell its U.S. natural-cheese business and a mix of other cheese brands in North America and internationally to France’s Groupe Lactalis SA for $3.2 billion. MORE >
Colliers International
Food for Thought
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