Ben E. Keith Beverages expands Texas operations with the purchase of a new 45,000-SF distribution facility in Houston
Construction is currently underway; Operations to begin in February 2010
HOUSTON, October 15, 2009 - Dallas-based Ben E. Keith Beverages, one of the largest beverage distributors in the United States, has purchased a new 45,000-square-foot facility in Houston as part of the company’s expansion into the greater Houston region. Located at 6720 Commerce Creek Drive in northwest Houston, the building is a recent addition to the existing Cole Creek Business Park. Interior improvements and other modifications to the new facility are currently under construction and are slated for a February 2010 completion.
Whiting-Turner is serving as the general contractor for the project, which will include up to 8,000 square feet of office space, 10,000 square feet of refrigerated space, 2,500 square feet of dry sales material storage space, 25,000 square feet of ambient/control temperature storage space, drive-through space for sales car and delivery truck loading, and 10 dock doors for shipping and receiving.
Kevin Nettleton will serve as the general manager of Ben E. Keith’s Houston operations. Chance Olin of Fort Worth-based NAI Huff Partners represented Ben E. Keith Beverages in the transaction. Joseph Smith and Faron Wiley of CB Richard Ellis represented the seller, Cole Creek Industrial Associates, L.P.
Cole Creek Business Park is a 91-acre light industrial park developed by Trammell Crow Company and is comprised of eight buildings totaling over 1.3-million square feet.
ABOUT BEN E. KEITH BEVERAGES
Ben E. Keith Company, established in 1906, began selling Anheuser-Busch products in 1933. Today, Ben E. Keith Company’s Beverages division is one of the largest independent Anheuser-Busch wholesalers in the country. The company also distributes import beers, craft beers, wine products and nonalcoholic beverages. With eleven regional branches in Texas including Abilene, Austin, Commerce, Dallas, Denton, El Paso, Fort Worth, Houston, Llano, Palestine and Waco, the company operates throughout the state of Texas. For more information, please visit http://www.benekeith.com/beverage.
ABOUT CB RICHARD ELLIS
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.
ABOUT TRAMMELL CROW COMPANY
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in real estate. It has developed or acquired over 500 million square feet of buildings with a value exceeding $50 billion. As of June 30, 2009, Trammell Crow Company had over $6.7 billion of projects in process or in its pipeline. The Company is an independently operated subsidiary of CB Richard Ellis Group, Inc., the world’s largest commercial real estate services firm (based on 2008 revenues). For more information, visit www.TrammellCrow.com.
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Media Contact: Diana DuBois
diana@coopersmithagency.com, (214) 329-9191
