Art Rasmussen has earned extraordinary success in his nearly 28-year career in industrial real estate. Consistently ranking among the Top 10 Sales Producers, Mr. Rasmussen has completed over 41 million square feet of Food Facilities transactions nationwide - for a total consideration of more than $2.49 billion.
From 1986 to 1991, Mr. Rasmussen specialized in the sale and leasing of traditional industrial properties in the downtown Los Angeles and Commerce markets. During this period, he completed over 150 successful transactions, and was involved in the largest industrial land assemblage in company history to that date (General Dynamics $51 million) and the largest industrial investment sale in company history to that date (Southern Pacific Railroad to Lowe Enterprises 3,900,000 square feet and $131.5 million).
Mr. Rasmussen's creativity in the redevelopment of traditional industrial properties earned him a solid, national client base – and prepared him well for the conversion of standard, dry warehouses into state-of-the-art cold storage distribution and food processing plants he does today.
Completing his first food services transaction in 1988, Mr. Rasmussen formed a partnership with David Norrie in 1991 to lead the CBRE Food Facilities Group. This focused network of 200 CBRE offices nationwide provides exclusive specialization in sales, leasing, appraisal, and financing of food industry real estate.
The group's expertise in coordinating all technical experts, vendors, and consultants involved in the real estate process has earned them long-term, multi-market assignments with such food industry giants as Costco, Ralphs Grocery Company, Americold Logistics, Kroger, and General Mills.
Professional Affiliations / Accreditations
- American Industrial Real Estate Association (AIR)
- International Association of Refrigerated Warehouses (IARW)
- Frozen Food Association
- The Carson Companies, Board of Directors
- CBRE Center for Professional Education - 1993
- LA Region Industrial Advisory Board – 1997-2000
- #2 Sales Producer: 1991, 2006
- Top 5 Sales Producer: 1996, 1997, 1998, 1999, 2002
- Top 10 Sales Producer: 1990, 1994, 1995, 2001, 2003, 2008
- Three NCAA volleyball championships with UCLA
- Played volleyball professionally in Italy
- University of California, Berkeley
- University of California, Los Angeles, Bachelor of Arts; Economics
- Ace Beverage
- Americold Logistics
- Atlas Cold Storage
- Castle & Cooke
- Fresh Food Concepts
- General Mills
- Gold Star Foods
- Haagan Dazs
- Jetro Cash & Carry
- K.T.s Kitchens
- Keebler Foods
- Kroger Company
- Land O'Lakes (MoArk)
- MCI Foods
- MCL Produce
- Michael Foods
- National Steak & Poultry
- P&O Cold Logistics
- POM Wonderful
- Preferred Freezers
- Proportion Foods
- Quantum Foods
- Ralphs Grocery Company
- Restaurant Depot
- Rite Way Meat
- Santa Monica Seafood
- Stolt Sea Farm
- Tyson Foods
- Vons Companies
- Wakefern Food Corp.