Cushman & Wakefield co-advised Purple Brands, a wine and spirits brand, in the sale of a 115,968-square-foot (sf) Class A industrial building in the Napa Valley. The freestanding property is located at 205 Jim Oswald Way in American Canyon. The buyer was Mezzetta Foods, an owner/occupier, which apaid for $18 million.
The facility previously served as a satellite winery for Purple Brands, headquartered in nearby Petaluma. The disposition is part of a rightsizing effort for Purple Brands following its sale of a significant portion of its exclusive retail wine brands to Napa-based Plata Wine Partners in 2024.
Cushman & Wakefield’s Trevor Buck & Brian Foster along with Brooks Pedder and Tony Binswanger of CBRE represented the seller. Matt Storms and Brian Keegan of Keegan & Coppin represented the buyer.
“This is a notable owner/user sale for the famous Napa Valley, a market which has seen a limited amount of industrial sale transactions overall,” said Buck. “This also represents significant new occupier activity and market growth from a non-wine-related company in the area.”
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