Sunny Delight Beverages Co. has sold its Littleton manufacturing facility for $15 million to an affiliate of private equity concern Angelo, Gordon & Co. of New York.
The sale closed Jan. 11 and was brokered by Robert Cronin of Colliers International of Boston. Veryfine, a maker and marketer of fruit and flavored drinks, will leaseback the entire facility under a 15-year contract. The site is primarily operated by Veryfine Products Inc., a division of Sunny Delight.
According to public records, Veryfine has owned the property since 1992, when it purchased the facility’s two parcels for $50,000. The company last refinanced its facility at 20 Harvard Road in Littleton with a $12 million loan from Citizens Bank in 2002, according to the Middlesex County Registry of Deeds.
Based in New York, Angelo, Gordon & Co. is an investor and asset manager with myriad lines of business. The deal involving Sunny Delight was spearheaded by an LLC registered to Gordon J. Whiting, who heads the firm’s net lease real estate strategy, according to Angelo, Gordon’s website.
Read more: Sunny Delight sells Littleton site to Angelo, Gordon & Co. | Boston Business Journal