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National Beverage Properties Closes 4 Warehouse Deals, Gets Big Capital Infusion

Beer Marketer’s Insights:

National Bev Properties … has just taken a big step forward. NBP closed 4 more deals totaling 585,000 sq ft of warehouses, making 5 in all. Includes distribs like Superior Bev and Central Bev in Oh (John Antonucci), Valley Wide Bev Co in Calif (Lou Amendola) and Capitol Distribs (John Shea) of NH. Recall, NBP buys distrib warehouses, leases ’em back, giving distribs capital to do deals, among other things. Deal with NBP is “win-win,” sez John Antonucci, that “allowed us to redeploy capital and provides us flexibility as we move forward with our organic growth and acquisition plans.”

NBP also formed JV with Oak Hill Realty LLC (part of Bass family holdings), one of several separate platforms “under the Oak Hill umbrella” that total over $20 bil in investment capital, according to release. Oak Hill has participated in “the formation of several public real estate investment trusts.” NBP is brainchild of ceo Bill Anderson (son of John Anderson, Sr).