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NBP Closes Another Deal

Beer Business Daily:

And finally, to bring our Simplicity Issue to an end, what could be simpler than selling your warehouse and leasing it back? Bill Anderson’s outfit, National Beverage Properties, announced that it has closed on a sale-leaseback transaction for a 94,000 square foot beer warehouse with Crown Distributing Co., an A-B distributor in Arlington, Washington. Crown will lease the property back from NBP on a triple-net lease basis for up to 30 years. This sale-leaseback marks NBP’s sixth acquisition and its first partnership with an A-B wholesaler.