In a significant real estate move, Scottsdale-based Tenet Equity Funding SPE IV, Inc. has purchased the Rochester Meat Co. facilities for $13.1 million, marking one of the largest such deals in Rochester this June.
The acquisition involves five parcels, including the processing plant at 825 Seventh St. NW and other properties at 1232 Valleyhigh Dr. NW.
This deal was finalized on June 24, with Tenet buying from Rochester Meat Land, LLC, a Sauget, Illinois-based entity that had owned the property since 2007.
Rochester Meat Co., which employs around 240 people, continues to operate at its longstanding location.
Tenet, an investor in single-tenant real estate leased to companies across various sectors, is expected to lease the properties back to Rochester Meat, maintaining business continuity while benefiting from ownership.
Olmsted County’s 2025-2026 market valuation for the five parcels is pegged at $3.59 million. This transaction adds to Rochester Meat’s ongoing expansion since its 2024 acquisition by Kingswood Capital Management, a private equity firm based in Los Angeles.
The deal was part of a broader purchase involving Branding Iron Holdings, which owns a portfolio of meat companies, including Huisken Meat Co. and Holten Meats Inc.
This purchase follows a similar trend in June, with outside investors purchasing properties and leasing them back to their business operators. In a related deal, J.P. Morgan Asset Management’s TFI Bus Portfolio, LLC acquired two properties used by First Student, a bus company serving Rochester Public Schools.
The combined price of those acquisitions totaled $10.86 million, with a 15-year lease agreement in place for First Student.
These moves reflect growing interest in net-lease transactions, underscoring the ongoing vitality of Rochester’s business landscape.
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