B. Riley Financial
Mar 18, 2014

GA Keen Realty Advisors Markets Turn-key Food Processing Plant in Wells, Minn.

- Newly renovated facility includes state-of-the-art machinery and equipment -

WELLS, Minn.--(BUSINESS WIRE)-- GA Keen Realty Advisors, the real estate division of Great American Group, Inc. (OTCBB: GAMR), has teamed up with Gateway Commercial Real Estate to market and sell a turn-key meat processing plant in Wells, Minn. The property was previously owned by Singleteary Food Solutions, LLC.

Located at 115 N. Broadway, the 100,000± square-foot facility includes a 69,000+ square-foot main production plant and is just minutes from Interstate 90. In addition, the facility was recently renovated with over $2.3 million in improvements, including a new roof and heating, ventilation and air conditioning (HVAC).

"This is an extraordinary opportunity for meat and other food processing companies," said GA Keen Realty Advisors Co-President, Harold Bordwin. "The facility includes state-of-the-art machinery and equipment, the vast majority of which is in excellent condition. Additionally, the recent renovations provide substantial added value and benefit to the ultimate buyer-user."

The main production facility includes an additional 1,200+ square-foot heating room, 2,000+ square-foot ammonia room, and a 1,400+ square-foot waste treatment facility. The facility also includes two grade-level overhead doors as well as nine dock-high overhead doors, and has clear ceiling heights of eight to 20 feet. In addition to the main production facility, the property also includes a 16,000± square-foot office and dry-storage building as well as an additional 10,400± square-foot warehouse building.

Plant equipment includes a blaster freezer and coolers, a raw meat line with conveyor, batter and breading applicators and mixing tank, a grinding room with dumpers, grinders and conveyors, a receiving dock with floor scale, an oven room with thigh deboners, patty formers, and outfeed conveyor and fryer, etc.

Offers are currently being accepted. As such, interested parties are encouraged to act immediately.

For more information about the property, contact Harold Bordwin or Robert Tramantano at 646-381-9222 or at hbordwin@greatamerican.com or rtramantano@greatamerican.com respectively, or Tom Leland of Gateway Commercial Real Estate at (507) 383-3403.

About GA Keen Realty Advisors, LLC

GA Keen Realty Advisors, located in New York, provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services. For more information about GA Keen Realty Advisors, call (646) 381-9222 or visit http://www.greatamerican.com/keen.

About Great American Group, Inc. (OTCBB: GAMR)

Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit www.greatamerican.com.

Media Contacts:
Michelle Kahan
Great American Group, Director of Marketing
Christina Alvarez
Mulberry Marketing Communications, Senior Account Executive

Source: Great American Group, Inc.

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