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6/25/20
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MAG Capital Partners LLC (MAGCP) has acquired a 139.2k sf industrial portfolio in Haltom City, TX through a long-term, sale-leaseback transaction. A price was not given out.
Located at 5998 Eden Dr, the eight-building, 7.25-acre property is tenanted by local aerospace firm Fore Aero. The seller, San Francisco-based private equity firm P4G Capital, acquired Fore Aero and the real estate in 2017.
In 2017, MAGCP acquired the real estate tenanted by Gamma Aerospace, in another sale leaseback transaction in the Dallas-Fort Worth (DFW) Metroplex.
Bryan Huber with SAB Capital in New York represented the sellers in the transaction. MAG Capital Partners was repped by Andy Rogers and Kelly Hart with Kelly Hart & Hallman LLP, along with Mary Garnett of Barnes and Thornburg LLP. MAG Capital Partners LLC is a commercial real estate development and investment firm formed in 2015 by Dax T.S. Mitchell and Andrew Gi. Based in Fort Worth, TX, the company holds a portfolio of primarily industrial properties across the United States and specializes in sale leaseback transactions.
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