Bob Evans Farms has sold its old headquarters building in Columbus, as well as two Ohio food production plants, to New Mill Capital, a Los Angeles-based private equity firm specializing in repositioning closed corporate facilities.
The dollar amount was not disclosed.
The 77,000-square-foot headquarters building at 3766 S. High St. is one of the last buildings on the company’s almost 40-acre campus to be sold, following the company’s March 2011 announcement that it was moving to New Albany.
Bob Evans Farms broke ground for the $40 million headquarters campus in April 2012. The company expects to complete the new headquarters in October.
Only a trucking facility remains to be sold at the old Bob Evans campus.
The food production plants sold to New Mill Capital are located in Springfield and Bidwell. In May 2012, the company announced plans for the consolidation of its foods business and said it intended to close the Bidwell and Springfield plants in late 2013.
The 43,700-square-foot Bidwell plant sits on 7.8 acres and manufactures cooked sausage patties and links. The 38,200-square-foot Springfield plant sits on 10.7 acres and manufactures sausage, soups and gravies.
Bob Evans will lease the plants from New Mill until a final closing date is announced in late 2013.
“We believe that New Mill Capital will be a strategic and solid partner, investing in these communities and properties to realize their full future potential,” said Joe Eulberg of Bob Evans Farms in a statement.
*Original article can be found at The Columbus Dispatch