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Food Distributor Closes Sale-Leaseback Deal in Houston

Published Tuesday, July 08, 2008

Glazier Foods Co. has sold its 286,000 sq. ft. headquarters and distribution center in Houston to an investment group that plans a $14 million expansion to the property. As part of the deal, the food service distributor has leased the entire space back from the new owner. The purchase price was undisclosed. Glazier Foods was founded in Houston in 1936 and is a family-owned distributor. The buyer, GSL Welcome Group, is a Houston-based real estate development company with a portfolio of more than 75 single-tenant properties in the Houston area. Glazier’s new landlord closed the ...

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