Home Industries Real Estate Roundy’s commissary facility in Kenosha sold for $15.6 million

Roundy’s commissary facility in Kenosha sold for $15.6 million

By
Sonia Spitz
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Employees prepare food at the Roundy's Commissary in Kenosha.

The Roundy’s commissary building at 5500 52nd Street in Kenosha has been sold to San Diego-based Realty Income Properties for $15.6 million, according to state records. The 117,000-square-foot building has been under the management of Cincinnati-based The Kroger Co. since 2015, when Kroger acquired Roundy’s. After the Roundy’s acquisition, the processing plant, now called RCK

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The Roundy’s commissary building at 5500 52nd Street in Kenosha has been sold to San Diego-based Realty Income Properties for $15.6 million, according to state records. The 117,000-square-foot building has been under the management of Cincinnati-based The Kroger Co. since 2015, when Kroger acquired Roundy’s. After the Roundy’s acquisition, the processing plant, now called RCK Foods, became one of Kroger’s 38 manufacturing plants across the nation. Realty Income Properties is real estate ownership company that uses net leasing, a pseudo ownership-style system, to maintain tenants in acquired properties. “Realty Income focuses on acquiring freestanding, single-unit properties leased to industry-leading operators under long-term, net lease agreements,” its website said. “Our retail properties are primarily leased to clients with a service, non-discretionary and/or low price point component to their business.” Roundy’s, a subsidiary of Kroger, operates more than 150 grocery stores under the Pick ‘n Save and Metro Market brands in Wisconsin and Mariano’s in Illinois.

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