Savoy Properties Represents Sapphire Bakery Company
May 31, 2013 – Savoy Properties represented Sapphire Bakery Company LLC in the purchase of 4195 Shoreline Court, Earth City, MO 63045, a 29,500 SF Class C industrial building on 2.08 acres. The Property was purchased from Bridgeton Investments Inc. for $830,000 on May 23, 2013. The buyer, Sapphire Bakery Company LLC is already occupying the property; they had been leasing the property since January 2013.
Sapphire Bakery Company is a wholesale bakery specializing in baking cookies. Current customers include Sam’s and Wal-Mart. Sapphire Bakery Company is already planning a building expansion to accommodate new, state of the art food production equipment. With this expansion, they plan to have a total of 100 employees by the end of 2013.
The property was previously used as a food production facility. The seller’s parent company, Cass Bank took the property back in August 2012 for $800,000.
Brian Kelley of Savoy Properties represented the buyer, Sapphire Bakery Company LLC. Peder Hulse of Green Street Realty represented the seller, Bridgeton Investments Inc.