1.15 Million SF State-of-the-Art Facility Centrally Located
Between Seattle and Portland
We provided financing for O’Keefe Development’s acquisition of our 77-acre shovel-ready site in Centralia and the construction financing for O’Keefe Development’s build-to-suit of the new 1.15 million SF state-of-the-art UNFI facility centrally located between Seattle and Portland.
"The construction of the Centralia facility represents the first significant step in our optimization of UNFI's Distribution Center network following the acquisition of SUPERVALU, allowing us to better serve all our customers throughout the Pacific Northwest," said Steve Spinner, UNFI Chairman and CEO.
UNFI, the largest publicly-traded grocery distributer in America with annual sales of over $21 billion, needed to optimize its distribution center network in the Pacific Northwest. The plan included building a new state-of-the-art distribution center exclusively for UNFI to enhance customer product offerings, create more efficient inventory management, streamline operations and incorporate best in class technology to deliver a better customer experience. The optimization of the Pacific Northwest distribution network will also help deliver all the meaningful synergies contemplated in the acquisition of SUPERVALU in October 2018.
UNFI signed a long-term lease agreement with O’Keefe Development to construct the 1.15 million square-foot distribution center on approximately 77 acres on the site The Benaroya Company sold to O’Keefe in Centralia, Washington. The new Centralia distribution center is in close proximity to two existing UNFI Distribution Centers in Tacoma and Portland.
