Albanese Cormier Holdings completes the sale of 3.2 acres in Newport, Kentucky

 
NEWPORT, KENTUCKY – Albanese Cormier Holdings (ACH) recently completed the sale of 3.2 acres in Newport, Kentucky to a Smoothie King franchisee, SK Midwest, LLC. This will be the franchisee’s fifth location, with other locations in New York, Florida, Ohio and Indiana.
 
This deal is part of the expansion plan announced by Smoothie King’s corporate office in June of 2018. There are currently over 1,000 Smoothie King locations- three of which are located internationally in Korea, Grand Cayman and Trinidad.
 
The franchise is currently ranked No. 1 by Entrepreneur magazine in the juice bar category for the 26th year, No. 35 overall on the 2017 Franchise 500 list and debuted on the Inc. 5000 list in 2018.
 
Construction of the 1,700-square-foot Smoothie King building is projected to be completed in the Spring of 2019, according to Smoothie King. ACH’s Director of Leasing, Brandi Norwood, worked with Andrew Sellett of Cushman & Wakefield to close the sale of the parcel. The new Smoothie King location will be located on 82 Carothers Road, adjacent to Newport Plaza, also owned by ACH. Other Newport Plaza tenants include Fresh Thyme Market, Planet Fitness, Dollar Tree and Verizon.
 
ALBANESE CORMIER HOLDINGS
 
Albanese Cormier Holdings is a national commercial real estate investment company based in Beaumont, Texas currently holding over 5 million square feet of 78 strategically placed assets throughout 22 states. For more information about our company or on any other property within the ACH portfolio, please visit www.ach-us.com or contact the main office at (409) 892-0200.