The Real Deal Miami

Rolling in dough: Performance Food CEO buys Delray Beach manse from fellow foodie

The 2.5-acre estate sits within the Stone Creek Ranch residential neighborhood
By Amanda Rabines | October 10, 2018 11:30AM

CEO of Performance Food Group George Holm

Louis G. Piancone, the founder of the Italian food wholesale distributor Roma Foods, just won a plate of dough – but this time it’s not food-related.

Property records show Piancone, trustee of a trust in his name, and his wife Teri Piancone, sold their 2.5-acre estate at 9274 Hawk Shadow Lane, within the Stone Creek Ranch residential neighborhood just west of Delray Beach, for $6.45 million.

The buyers are also in the food wholesale and distribution industry. Records show George L. Holm and his wife Paula Holm bought the six-bedroom, eight-bathroom home. The deal for the 10,670-square-foot mansion breaks down to about $600 per square foot.

George Holm is the CEO of Performance Food Group, which was acquired by Wellspring Capital Management and Blackstone Group for $1.3 billion in 2008. Shortly after, Roma Foods merged into PFG. The Goochland County, Virginia-based company went public in 2015.

Records show the home previously sold for $6.7 million in 2008.

Stone Creek Ranch has been home to H. Wayne Huizenga Jr., the son of the late billionaire Wayne Huizenga, who co-founded Waste Management Inc. and led the Blockbuster video rental company in the 1990s. He also owned the Miami Marlins, the Miami Dolphins and the Florida Panthers.

Last year, Huizenga Jr. sold the five-acre property (the largest lot in the residential community) for $6.7 million.

Delray Beach has attracted high-profile sales. In 2016, actor and comedian Kevin James sold his Delray Beach estate at 502 North Ocean Boulevard for $26 million, and William Powers, the Strand Partners hedge-fund manager, recently sold his Delray Beach manse for $26.75 million.