BINSWANGER BROKERS MAJOR SALE IN SILOAM SPRINGS, ARKANSAS

Philadelphia, PA –November 9, 2009 – On behalf of Syroco, Inc., Binswanger is pleased to announce the sale of a 382,434 sq. ft. building on 59 acres. The property is located at 1700 East Quarter Road in Siloam Springs, Arkansas. Sale price is $2,600,000.

    Binswanger was retained by the Owner, Syroco, Inc. who was in a Chap. 7 bankruptcy,

to dispose of the property, as well as two others in New York State.

    The buyer, Simmons Pet Food, Inc., is one of the largest canned pet food private label

and co-branded manufacturing businesses in the United States. Simmons plans to utilize

the facility for warehousing pet food. “We marketed the building very aggressively,” stated

Jim Panczykowski, Vice President of  Binswanger. “We were able to generate substantial

interest form local, regional, national and international companies.”