HAYWARD — A sweet producer that was based 70 years in the past by a Russian immigrant has bought its Hayward headquarters and manufacturing facility property to a New York funding group, public data present.
Annabelle Sweet Co. has bought a number of parcels in Hayward, together with the location of its manufacturing facility and head workplaces, to an affiliate led by Fortress Funding Group, an funding agency with a world attain.
Fortress Funding, appearing by affiliate CREF3 Industrial Blvd Proprietor, paid Annabelle Sweet Co. $13 million for the property, in line with paperwork filed on Dec. 20 with the Alameda County Recorder’s Workplace.
Annabelle Sweet has an extended historical past within the East Bay. Based in Hayward in 1950, the corporate’s product secure options a number of high-profile sweet bars: Rocky Highway, Abba-Zaba, Large Hunk, Look and U-No.
“Legendary sweet bars” is now Annabelle Sweet describes the confections on its web site.
The property is positioned at 27211 Industrial Blvd. in Hayward, a few block from West Tennyson Highway.
The Fortress affiliate purchased the property from Annabelle Sweet and a number of other people, Nathan Gogol, Amanda Karl and a household belief headed by Susan Gamson Karl. Members of the Gogol household and the Karl household have been linked over quite a few years to management positions with Annabelle Sweet. As not too long ago as 2018, Gary Gogol was chief government officer of Annabelle Sweet.
What isn’t clear is the location’s future as envisioned by the property’s new proprietor.
Victor Marquez, present president and former plant supervisor at Annabelle Sweet Co., didn’t reply to a number of telephone calls from this information group.
New York Metropolis-based Fortress Funding Group was requested to supply a remark in regards to the scenario.
Fortress Funding has been buying properties in current months at a brisk clip, in line with property data within the Bay Space. The worldwide funding supervisor has $54.2 billion in belongings underneath administration.
Annabelle Sweet constructed the present sweet manufacturing facility on Industrial Boulevard in Hayward in 1965. The corporate says that each one of its merchandise are produced on the just-sold website.
Firm founder Sam Altshuler, an immigrant from Belarus, a then-province of Russia, arrived in the USA in 1917, in line with the corporate’s web site.
Altshuler started his involvement within the confectionary enterprise by promoting sweet bars from a pushcart exterior film theaters. In 1950, Altshuler based the sweet firm in San Francisco, naming the corporate after his daughter Annabelle.
Altshuler moved the sweet firm to the Hayward website the place the present sweet manufacturing facility was constructed in 1965.
“Annabelle Sweet Firm continues to be one of many largest independently owned and family-operated sweet bar producers in the USA,” the sweet firm states on its web site.
Over the many years, the sweet maker expanded its product choices by its acquisition of current rivals.
In 1972 Annabelle purchased Golden Nugget Co., makers of Large Hunk and Look sweet bars. In 1978 Annabelle Sweet purchased Cardinet Co., maker of U-No and Abba-Zaba sweet bars.
“Annabelle Sweet is producing a number of the hottest and conventional West Coast objects accessible available on the market at this time,” the corporate states on its web site.