--A&G and Murray Wise Associates offer hydroponic
grower Spring Born's fully
automated, water-saving, high-production facility and 254-acre
ranch near Silt and I-70.
SILT, Colo., Dec. 14, 2023 /PRNewswire/ -- A&G Real Estate
Partners and Murray Wise Associates LLC are now accepting
sealed-bid offers for Spring Born's
fully automated, approximately 165,000-square-foot hydroponic
growing operations and 254-acre ranch near Silt and I-70 in western Colorado.
The deadline for letters of intent is February 9.
"This newly constructed warehouse contains a fully automated,
hydroponic growing system by Green Automation Group, allowing for
the production of up to 10,000 retail units per day of pesticide-
and ammonia-free leafy greens like lettuce and kale, as well as
culinary herbs," noted Emilio
Amendola, Co-President of A&G. "The ranch site itself
boasts the right location, water rights and utility infrastructure
to supply grocers across the state and region."
"Customers have raved about the taste, freshness, cleanliness
and price of herbs and veggies automatically grown, cut and
packaged at this facility," said Harrison
Freeland, Vice President, Murray Wise Associates. "For
agricultural companies, this sale represents an outstanding
opportunity to ramp up production capacity and grow your
business."
The hydroponic growing operation includes an automated
greenhouse and a connected warehouse/processing facility, with
in-place, turnkey support, shipping and distribution
infrastructure.
Automatically planting new crops from seed, the trenched system
uses conveyers to slowly advance products through the greenhouse,
providing just the right sun exposure, water and temperature.
"After four weeks, the system automatically cuts the products and
packages them into the clamshell boxes you see at the store,"
Freeland said. "It is an impressive, highly efficient operation,
entirely hands-free."
In addition to the existing facility, land on the 254-acre,
County Road site has been cleared for a planned, approximately
130,000-square-foot greenhouse, with required utilities installed.
"A wide array of growers, including producers of other crops grown
indoors, could take advantage of this additional greenhouse site,
along with the existing facility and the abundant acreage of the
ranch itself," Freeland said.
The nearly four-acre Spring Born
hydroponic facility, which earned USDA organic certification,
opened in 2021 with $30 million in
state and federal financing. The future owner/operator potentially
could benefit from the Rural Jump-Start Tax Credit.
In addition, the new owner/operator potentially could benefit
from certain other tax incentives provided by a water-saving state
law. "The six production lines available in this sale are said to
use 95 percent less water than would be required by a conventional
system, with no runoff and all water recycled," Amendola noted.
Lettuce produced by Spring Born—which supplied local grocers as
well as the national specialty chain Whole Foods Market—has a
much-longer shelf life of up to 23 days, according to the company.
"Taken together," Amendola said, "the existing facilities, the
ranchland and the incentives and infrastructure available in this
sale translate into a rare opportunity for agricultural users."
In its 11-year history, New
York-based A&G has sold real estate and leases worth a
total of more than $12 billion across
all sectors of real estate, including agriculture.
https://www.agrep.com/
MWA, which is headquartered in Champaign, IL and has a satellite office in
Clarion, IA, is a leading national
agricultural real estate auction and brokerage company. The company
also provides management services for farmland assets. MWA was
acquired by Farmland Partners Inc. (NYSE: FPI) in November 2021.
Additional information: www.murraywiseassociates.com or
harrison@mwallc.com.
For due diligence and other property information, contact
https://www.agrep.com/springborn or ckoulichkov@agrep.com.
This communication includes "forward-looking statements" within
the meaning of the federal securities laws, including, without
limitation, statements with respect to the outlook of Farmland
Partners Inc. ("FPI") and Murray Wise Associates LLC ("MWA") and
proposed and pending farmland auction, brokerage, financing and
asset management activities. Forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" or similar expressions or their negatives,
as well as statements in future tense. Although FPI and MWA believe
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, beliefs and expectations,
such forward-looking statements are not predictions of future
events or guarantees of future performance and actual results could
differ materially from those set forth in the forward-looking
statements. Any forward-looking information presented herein is
made only as of the date of this communication, and FPI and MWA do
not undertake any obligation to update or revise any
forward-looking information to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise.
Press Contacts for A&G: Jaffe Communications: Elisa Krantz, (908)
789-0700, elisa@jaffecom.com.
From: Jaffe Communications,
Cranford, N.J.
For: A&G Real Estate Partners, New
York
Murray Wise Associates LLC, Champaign,
IL
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SOURCE A&G Real Estate Partners