legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Major Acquisition in Reedley: G2 Commercial Complex, LLC Takes Over Cold Storage Facility

Image Description: The former Prima Wawona cold storage facility stretches across 360,000 square feet and has been acquired by G2 Commercial Complex, LLC. Photo via Google Earth

Published on April 1, 2025 – 3:52 PM
Written by Frank Lopez

Former Prima Wawona Facility Sees New Ownership

The significant cold storage facility in Reedley, once operated by Prima Wawona — a former giant in the North American stone fruit industry — has undergone a substantial transition. G2 Commercial Complex, LLC, a local family-driven business, is the new owner of this expansive site, situated at 1467 E. Dinuba Ave. The acquisition is projected to create approximately 100 jobs, which Reedley City Manager Nicole Zieba highlighted as a notable development for the community.

The cold storage complex spans an impressive 360,000 square feet and occupies nearly 29 acres. Previously under the ownership of private equity firm Paine Schwartz, the facility had a long history of being leased by Prima Wawona, a company that unfortunately filed for bankruptcy protection in October 2023, leading to the sale of over 13,000 acres of farmland as part of its winding down process.

Strategic Growth with the Acquisition

The sale of the cold storage facility was brokered by Schuil Ag Real Estate in collaboration with Colliers, two well-respected names in agricultural real estate. This acquisition represents a major milestone for G2, as highlighted in a news release distributed by Schuil Ag Real Estate. G2’s main objectives include enhancing operational capabilities while committing to quality storage capacity and improved service offerings in the agricultural sector.

Despite the significant nature of this deal, the specific individuals behind G2 Commercial Complex, LLC, have not been publicly disclosed. However, key figures involved include Lorin Reed, the owner and president of Kingsburg’s Packline Technologies Inc., along with Vice President Josh Lee. Packline is known for producing equipment tailored for the produce industry, emphasizing the company’s deep roots and expertise in agricultural processing.

Community-Centric Vision

“We are excited to announce this acquisition, which not only represents a strategic growth opportunity for our company but also underscores our commitment to the community and the agricultural sector,” said the CEO of G2 Commercial Complex, LLC. He further mentioned, “Gerawan Plant 2 has always been a mainstay in the industry with a rich history, and we look forward to revitalizing it and continuing to build on its legacy.”

Under G2’s new ownership, the Gerawan facility is set to undergo extensive revitalization. The company plans to invest significantly in enhancements and upgrades to ensure that the facility aligns with the highest operational standards of efficiency and quality.

Facilitation and Support in the Transaction

In this transaction, agent Stephen Schuil represented the buyers, while agent Rick Schuil and the Colliers team represented the sellers. Rick Schuil expressed pride in being part of this important transaction, noting, "G2 Commercial Complex, LLC is a respected name in the industry, and we are confident that they will bring new life to the Reedley Wawona facility."

Reedley City Manager Nicole Zieba emphasized the community’s positive outlook on the acquisition: "Having life back in the facility is a positive move for the city. Its location on one of our busier thoroughfares means that revitalization is a significant step toward new beginnings."

How AI legalese decoder Can Assist

In the context of this acquisition, navigating the legal complexities involved in such transactions can be daunting. This is where AI legalese decoder can provide invaluable assistance. The tool is specifically designed to simplify legal jargon, enabling stakeholders to understand the terms and implications of contracts, agreements, and other legal documents related to the acquisition.

By employing AI legalese decoder, G2 Commercial Complex, LLC, and other parties involved can ensure clarity when interpreting contracts, mitigating risks associated with misunderstandings. The tool can also help streamline communication among stakeholders, allowing for more focused discussions on operational improvements and community engagement strategies.

In summation, the acquisition of the former Prima Wawona cold storage facility by G2 Commercial Complex, LLC is not merely a business transaction; it is a beacon of hope for job creation, community revitalization, and the agricultural sector in Reedley. With the aid of modern tools like AI legalese decoder, stakeholders can confidently navigate the intricacies of legal compliance while propelling their vision forward.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link