MAG Capital Partners has acquired two modern industrial facilities in Peekskill, NY, through a sale-leaseback transaction with White Plains Linen. The properties, located at 4-6 John Walsh Blvd. and 10 John Walsh Blvd., serve as the company’s headquarters and operational hub and span a combined 104,220 square feet along the Hudson River.
“White Plains Linen’s origin dates back to the 1930s,” said Dax T.S. Mitchell, Principal of MAG Capital Partners. “The properties are strategically located near thousands of the company’s customers across New York City and the surrounding region. They represent a valuable addition to our growing portfolio in the Northeast, where demand for warehouse, distribution, and logistics space remains strong.”
White Plains Linen currently delivers over one million pounds of fine linens each week throughout the New York metropolitan area. In 2019, the company broadened its operations to incorporate national e-commerce distribution for wholesale products.
STREAM Capital Partners facilitated the deal, with Daniel Macks, Jonathan Wolfe, and Joe DiGennaro representing the seller. Financial terms of the transaction were not disclosed.
