Monogram Food Solutions buys 173,200-square-foot industrial building in Martinsville
Monogram Food Solutions LLC has acquired a 173,200-square-foot industrial building on 31 acres in the Patriot Centre Industrial Park in Martinsville. The price was not disclosed.
According to Binswanger Brokers, which represented the company in the transaction, the Memphis, Tenn.-based manufacturer of value-added processed meats bought the building to expand its existing Martinsville production facility.
The company plans to use the building, formerly the Masterbrand Cabinets property, to establish a warehouse and logistics operation, creating 50 jobs. The expansion will bring Monogram Food Solutions’ total job creation in the region to more than 300 in less than one year.
Doug Faris, senior vice president, and Derek Anderson, vice president in Binswanger’s Charlotte, N.C., office, handled the transaction.
Binswanger is an international full-service real estate organization based in Philadelphia that has offices in the U.S., Canada, Latin America, Europe, the Middle East and Asia.