Connect CRE reports that MAG Capital Partners has recently completed the acquisition of a large manufacturing facility in Northeast Ohio. The 410,858-square-foot property was purchased through a sale-leaseback agreement with BRT Extrusions, Inc., one of the leading aluminum extrusion companies in the Northeastern region.
The transaction was facilitated by Daniel Macks and Phil DiGennaro from Stream Capital Partners who represented both parties involved. MAG Capital Partners, based in Dallas, specializes in investing in industrial real estate and operating companies across the continental United States.
Located at 1818 Main Street in Niles, Ohio on a sprawling 27.9-acre plot of land just 20 minutes away from Youngstown and situated along the advanced manufacturing and energy Lake to River corridor between Cleveland and Pittsburgh.
According to Dax T.S. Mitchell, principal at MAG Capital Partners,”the facility is managed by an exceptional team that continuously invests into its operations as well as its highly skilled engineers and technicians.” He also noted that they were impressed with this region’s commitment towards sustainable growth which further incentivized their decision to invest here.
This latest acquisition adds another feather to MAG’s cap as it continues its expansion efforts throughout various regions within North America.
