Dallas-based Apricus Realty Capital acquired an industrial outdoor storage property in a sale-leaseback transaction with Box Gang Manufacturing, a producer of specialized container solutions.
The property, located in Houston, serves as a critical operational facility for Box Gang Manufacturing. The sale-leaseback structure enables the company to unlock capital while maintaining long-term operational continuity at the site.
Apricus acquired the property in a programmatic joint venture with ABR Capital. Apricus Managing Principal Matt Haley, Vice Presidents Garrett Marler and Cort Martin led the acquisition for the joint venture. Mohr Partners’ Nathan Mai and Carlton Anderson represented the joint venture in the transaction. CW Sheehan, Peyton Ackerman and Nate Henderson of JLL represented the joint venture in the procurement of debt financing.
The 11-acre property features rail service and more than 100,000 square feet spread across multiple buildings.
The investment further enhances Apricus Realty Capital’s presence in the industrial sector, which continues to see strong demand from users and investors alike, Marler added.
Box Gang Manufacturing, known for its innovative solutions in the container manufacturing industry, will continue to operate from the facility under a long-term lease agreement, ensuring uninterrupted business operations.
