Friday, October 3, 2014

Poultry Producer Procures Pinnacle's Pickle Processing Plant

Pinnacle Foods Finance LLC has sold the industrial building at 29984 Pinnacle Way in Millsboro, DE to Allen Harim, a leading producer and processor of chicken in the DelMarVa area, for almost $5.6 million, or about $12 per square foot.

The 460,000-square-foot distribution facility was constructed in 1972 on 107 acres in the Sussex County Industrial submarket of Philadelphia. Vacant for more than two years, the former pickle processing facility features 15 loading docks and four drive-ins, 24-foot clear heights, eight-inch floors, and 2,000-amp heavy power.

Allen Harim anticipates the complex will be used initially as warehouse and storage space, though further evaluation may be necessary to decide on its highest and best use. The Seaford, DE-based company employs more than 1,600 people across the U.S., including more than 1,000 in Delaware alone, and partners with 200 independent growers while managing 25 company-owned farms in the area.

"Allen Harim is committed to investing in our people, facilities and infrastructure," said Steven A. Evans, CEO of Allen Harim. "This acquisition aligns with our strategic plan and supports our company's vision, mission and values. It is our desire to be a good neighbor in all of the regions in which we operate, and we look forward to becoming part of the fabric of Millsboro."

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