Atlanta based New Realm Brewing ready to grow in their first six months of operation. The brewery has won the bidding for Green Flash assets of their east coast facility.
The 58,000 square foot facility in Virginia Beach, Virginia was built by San Diego based Green Flash Brewing. The facility was recently closed after Comerica Bank foreclosed on outstanding bank loans to Green Flash/Alpine Beer brands.
New Realm has confirmed the purchase of the brewhouse and is currently discussing potential ideas for the existing Green Flash lease on the taproom.
American Beer Works of which New Realm founder Carey Falcone has the lead role, also purchased a $5 million dollar tract of land in Charlotte, North Carolina last fall. Falcone told Beer Street Journal in February that this land is earmarked for a future New Realm build, but there are no immediate plans to expand to the city.
According to Bob Powers in a just-issued press release, New Realm’s current facility in Atlanta is already at capacity after just four months, and 60-barrel tank expansions.
First This equipment acquisition is a unique opportunity to meet growing demand while continuing to focus on quality and consistency. This new equipment will allow our team to brew even more of the beer that we feel passionate about.” Bob Powers, Chief Commercial Officer and co-founder
In a phone call with Powers and Falcone, the duo reiterated their commitment Atlanta. “The city has truly embraced us, and we couldn’t be more grateful,” Falcone said. “We have no plans to distribute to any state we aren’t physically brewing in.
“This opportunity to buy this equipment was a deal we couldn’t pass up,” Powers elaborated. “The situation surrounding it is unfortunate, but considering our capacity issues already, we were going to have to make a move regardless,” he said.
Powers and Falcone have been planning to purchase another brewhouse, but that plan wasn’t so immediate until the Green Flash auction. The duo is still discussing what to do with the newly acquired equipment. The Virginia Beach facility was built for Green Flash, and subsequently leased to them. “There’s a lot of opportunity with that space” Falcone admits, “but we’re not sure we’re ready for that undertaking yet.”
It’s springtime in Atlanta, the demand for New Realm is extremely high, and all their tanks are full.
It’s going to be a great summer.