Value Masters Group × CBRE
A partnership proposal for food facilities: Azusa as the benchmark, a national pipeline as the goal
Prepared for CBRE · September 2026 · Confidential, for discussion purposes only
A food plant is worth most when a proven product, an operator and a retail channel arrive with the buyer. That is what we bring to the table, and why we want to work with CBRE, not around it.
Who we are
Cross-border M&A and venture advisory. Offices in Reno, Laguna Niguel and Istanbul.
The research engine: bilingual case studies on every facility and target before we move.
Co-investor in ABC Ventures Corp, the vehicle for the U.S. Mediterranean food platform.
Rooted in the Narin family's 25-year network of first-hand knowledge across Asia, Europe and the Americas. Its selectivity, like choosing the best stall at a fair, is an expression of the family's Türkiye roots.
VMG · Confidential · 3
The thesis: Chobani 2.0
2005
A shuttered Kraft yogurt plant in upstate New York is bought with an SBA-backed loan.
$750M
Growth financing from TPG in 2014, after Greek yogurt goes mainstream.
~$20B
Reported valuation in October 2025.
The building did not create the value. The product, the operator and the channel did.
Figures from public press reports, approximate · VMG · Confidential · 4
Why now
$32.2B
U.S. deli prepared foods, 2024: about 57% of deli sales
~$3B
Grocery sushi: proof that in-store bars run by specialists scale
+11.8%
Meat snacks growth, a $6.7B category
$1.2B · $2.7B
Siete (PepsiCo) and Rao's (Campbell): ethnic and specialty brands command strategic exits
Industry and press estimates, approximate; sources available on request · VMG · Confidential · 5
The platform
Umbrella brand for Mediterranean wellness food: meze, plant-based and prepared lines.
Fresno-based heritage meat brand: the anchor for prepared and specialty meats.
Identity under NDA. A food engineer who has co-founded and led national food brands and built factories and franchise networks in Türkiye and Europe.
U.S. vehicle for acquisitions and facility transactions; PropCo / OpCo ready.
VMG · Confidential · 6
How we invest
We integrate into operating food businesses that have already solved U.S. market access, with or without cash flow, and give them a kiss of life: products, operators, capital and channels. When a facility is needed, the business model and the operator come first.
5th Table fixes what exists and channels what is missing.
The growth pipeline
01 · Central Valley
Türkiye sourcing into a U.S. packer
02 · Southern CA
Prepared meats and plant-based lines
03 · Central Valley
Ice cream, yogurt, milk desserts
04 · Northeast
Established retail-ready producer
05 · California
Flatbreads and artisan lines
06 · New York
Produce operator with its own real estate
07 · New Jersey
Flatbread, fillo and gyro
08 · National
Cold-chain channel, the flagship
Names, terms and financials under NDA · VMG · Confidential · 8
The flagship channel
Cook-chill hubs: hummus, baba ghanoush, cacık, dolma
Direct-store delivery on our own cold chain
Staffed bar, self-serve case or private label
Sushi already proved it: Hissho runs roughly 3,000 grocery locations, AFC more than 4,000, Snowfox more than 1,300. Every hub we open needs a food-grade facility.
Location counts approximate, from company statements · VMG · Confidential · 9
The benchmark
| Feature | As marketed by CBRE |
|---|---|
| Building | ~115,110 sf |
| Freezer | ~19,820 sf |
| Process rooms | Separate RTE and raw areas |
| Refrigeration | Ammonia system |
| Wastewater | On-site treatment |
| Terms | Sublease to Dec 2033; direct lease or purchase |
Business model: ready
Operator and user: ready
Product lines: mapped to the RTE rooms, raw rooms and freezer
One successful Azusa becomes the template for every facility after it.
Specifications from the CBRE brochure (Jan 2026), subject to verification · VMG · Confidential · 10
Leverage plan
| Line | Products | Space and channel |
|---|---|---|
| 1 · Prepared meats (Ohanyan's) | Sliced and cured meats, döner-style cones, packaged meat mixes | Raw and RTE rooms · retail and foodservice |
| 2 · Plant-based (Ā Levantine) | Mediterranean Burger, Mediterranean Köfte, meatless dolma | Freezer · national retail |
| 3 · Meze cook-chill | Hummus, baba ghanoush, cacık | RTE rooms · Meze Bars, private label |
0–6 months: fit-out, certifications, first SKUs
6–18 months: regional retail and first Meze Bars
18–36 months: national hub, second facility
Indicative plan, subject to site diligence · VMG · Confidential · 11
Sale or lease
| Path | How it works | Speed |
|---|---|---|
| Sublease | Take over the existing sublease to Dec 2033 | Fastest |
| Direct lease + option | New lease with the owner, with a purchase option | Fast |
| Sale-leaseback | A capital partner's PropCo buys; our OpCo leases long term | Medium |
| Purchase | ABC Ventures or its PropCo acquires the property | Slower, most control |
Our preference is ownership over time. VMG takes no real-estate commission: brokerage stays with CBRE.
Structures subject to owner consent, lender terms and diligence · VMG · Confidential · 12
The proposal
Distressed, Chapter 11 and divestment facilities before they reach the open market
Food groups from Türkiye and Asia seeking U.S. entry, with NDA and proof of funds
A standing pipeline meeting matching facilities to operators
CBRE access for sale-leasebacks and PropCo financing
VMG is paid by its own clients; no sharing of real-estate commissions
CFIUS and state foreign-ownership rules checked before any introduction
VMG · Confidential · 13
Next steps
1
Late October road show: business plan and LOI for Azusa
2
Exchange NDA; proof of funds and owner terms follow
3
First quarterly pipeline review of CBRE food facilities
M. Memedi Narin · Founder, Value Masters Group
mn@valuemastersventure.com · (949) 887-1980
This presentation is for discussion only and is not an offer or a commitment to transact · VMG · Confidential · 14