Bradley Company brokers Bill Drinkall, Dave Horacek and Brook Steed represented multiple clients, including owners, the tenant and buyer, in the sale-leaseback of a multi-million-dollar industrial portfolio that included three assets in North Vernon, Indiana, and two assets in Gadsden, Alabama.
The transaction of this five-property portfolio took place between the buyer MAG Capital Partners and the seller/tenant Decatur Plastic Products. The deal closed in early June and included four owners and multiple buyout options.
The transaction was completed through the combined efforts of Bradley Company, DPP, MAG, Chicago Title Insurance Company, Barnes & Thornburg LLP, German American Bank and Taft Law.
“The Bradley team was instrumental to DPP on this complex transaction, providing full support from sourcing the opportunity and guiding us all the way to a successful closing,” said Robert Riley, President, Decatur Plastic Products.