Cusano’s Italian Bakery buys out landlord for $14M

The Greco family financed the $13.6M deal with a loan of the same size

Miami /
Apr.April 17, 2020 11:30 AM
Cusano’s Italian Bakery at  6806-6814 North State Road 7 (Credit: Google Maps)

Cusano’s Italian Bakery at 6806-6814 North State Road 7 (Credit: Google Maps)

Cusano’s Italian Bakery bought the building it occupies in Coconut Creek for $13.6 million.

The bakery bought the 411,337-square-foot warehouse at 6806-6814 North State Road 7 for $33 per square foot. Coconut Fields LLC, led by Fields Realty, sold the property.

The building last sold in 2012 for $12.7 million, records show. The 22-acre property is near the Sawgrass Expressway and the Florida Turnpike.

Cusano’s Bakery secured a $13.6 million mortgage from Amerant Bank to acquire the property, records show.

The Greco family has owned and operated the bakery since 1966. The current owners are Michael, Salvatore and Santo Greco. The company’s production facility has the ability to produce 18,000 breads per minute, according to its website.


Related Articles

arrow_forward_ios
From left: Bridge Industrial’s Steve Poulos and Kevin Carroll along with 16175 Northwest 49th Avenue and 16175 Northwest 49th Avenue in Miami Gardens (Bridge Industrial, Getty)
Bridge bets on Miami Gardens’ Palmetto Lakes Industrial Park
Bridge bets on Miami Gardens’ Palmetto Lakes Industrial Park
View of the buildings at 612, 817 and 815 Lincoln Road in Miami Beach and Terranova’s Stephen Bittel (Google Maps, Terranova Corp)
Lease roundup: Terranova, Millennium, R&B, Duke nab tenants
Lease roundup: Terranova, Millennium, R&B, Duke nab tenants
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Link Logistics' Luke Petherbridge with 115.7-acre site at 21001 Northwest 27th Avenue (LinkedIn, Google Maps)
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
EverWest Real Estate Investors' Rick Stone and Tyler Williams; rendering of the newly built industrial property at 10900 Northwest 146th Street in Hialeah Gardens (Commercial Property Group, EverWest Real Estate Investors, iStock)
EverWest buys Hialeah Gardens industrial building for $43M
EverWest buys Hialeah Gardens industrial building for $43M
First Industrial Realty's Peter E. Baccile with 1801 North Andrews Avenue (First Industrial Realty Trust, Colliers, iStock)
First Industrial picks up Pompano Beach manufacturing facility for $25M
First Industrial picks up Pompano Beach manufacturing facility for $25M
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
RFR's Aby Rosen with 100 Biscayne, RFR, Lease Roundup
Lease roundup: Fintech firm moves HQ to Aby Rosen’s 100 Biscayne in Miami
Lease roundup: Fintech firm moves HQ to Aby Rosen’s 100 Biscayne in Miami
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...