Carolina Beverage Group
Navigating government regulations.
Columbus Nova / Bracken Capital approached Tashakorian Office & Industrial Advisors with the assignment with a crucial caveat—the property had to be disposed of within three months as the asset was tied up under the Office of Foreign Asset Control (OFAC) and they had to approve the buyer and the entire transaction. Tashakorian was able to navigate this additional level of government approval and while producing seven offers in just under one month of marketing.
By explaining the intricacies of the OFAC requirements to all buyers, Tashakorian was able to secure the buyer with the best understanding of the regulations and the buyer who could withstand the government-imposed hurdles to the acquisition of the asset.
Carolina Beverage Group (CBG) is a premier manufacturer of iconic national and international beverage brands. Their flagship facility is a 151,142-SF building that was built in 1998 and expanded in 2005 and 2007. Carolina Beverage Group’s recent acquisition with Brynwood Partners’ Cold Spring Brewing Company has now made CBG one of the largest independently-owned contract manufacturers in the beverage sector with extensive markets east of the Rocky Mountains. Brynwood’s acquisition has strengthened the company’s balance sheet and has given CBG an equity partner with deep operational and financial capabilities. Carolina Beverage Group signed a 20-year lease upon the acquisition.
type: Industrial | Warehouse
total sqft: 151,142 SF
location: Mooresville, NC