Sugar Foods, best known for making Sweet n’ Low, has restructured its current lease with Invesco for the 168,000-square-foot, class-A manufacturing facility located at 9545 San Fernando Rd. in Sun Valley, CA. Sugar Foods, currently in the fifth year of the seven year contract, stands to save seven figures from the restructuring during the remaining term.
The company solicited the help of Studley, a global tenant advisory firm, senior managing director Bart Pucci to negotiate the lease restructuring. “This transaction provided an opportunity for Sugar Foods to remain in a property and location that worked well for its business and employees while saving significant costs in the near- and long-term,” says Pucci. Colliers International’s John DeGrinis represented Invesco in the transaction.
The company additionally renewed the lease for five years at a “competitive rate,” according to Studley...Lease Restructure Saves Seven Figures
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