Mexican food maker Papa Grande Gourmet Foods has listed its San Antonio plant for sale as its navigates through a bankruptcy reorganization, the San Antonio Express-News reported. “We’re not selling to go out of business,” emphasized Ron Smeberg, Papa Grande’s bankruptcy lawyer. “We have no plans to stop operating at all.” The 32,000-square-foot plant and nearly 8-acre site at 1802 Jackson Keller has an asking price of $6 million. Papa Grande, which makes barbacoa, tamales, fajitas, chorizo and other products sold at H-E-B, Walmart and elsewhere under the brand name Andy Garcia Foods, is weighing various options for the property. They include selling it and then leasing it back, adding a purchase option to a sale-leaseback agreement or executing an outright sale. An outright sale is the least likely option, Smeberg said. But if a buyer wanted the property for its own use, Papa Grande could move its operations to another location.
