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First Beverage Capital Partners With Monarch In $35 Mil Facility

Beer Marketer’s Insights:

Biggest deal yet for First Beverage Capital, which provides real estate capital to bev industry. It’s developing 530,000 sq-foot-facility with Monarch Bev of Indiana, the 15+ mil-case megadistrib, headed up by incoming NBWA chairman Phil Terry. Monarch will lease from owner First Bev. Project “estimated at $35 million” and was “extremely complex,” said First Bev. First Bev “was by far the best source of capital,” said Phil. Last yr, First Bev bought $26 mil Crescent Crown facility in Phoenix. First Bev founded in 2005 by Bill Anderson. “This is our 12th deal and we’re over $100 million in assets,” Bill told INSIGHTS. “Phil’s deal takes us to a whole new level,” he added.  Plenty in pipeline.”