DWG Capital Partners, a fully integrated Los Angeles-based commercial real estate investment and capital markets firm, announced its acquisition of a Texas industrial property in a sale-leaseback transaction for an undisclosed sum.
The 35,835-square-foot light industrial facility located at 1317 Business Highway 71 North in Columbus, Texas is situated near Houston’s Sugarland submarket and is fully occupied by The Theut Company, a division of Denver Glass Interiors (DGI), which is a portfolio company of Dallas-based private equity firm Baymark Partners.
In a multi-layered transaction, a team from DWG Capital Group, led by President Judd Dunning, sourced the pre-market opportunity, developed a total value and risk assessment, structured the sale-leaseback, procured financing, and then secured numerous highly qualified investors for the venture.
The Theut Company, also known as Theut Glass, is a commercial glazing company that also fabricates metal framing in its shop, with expertise in glazing systems for educational, municipal, religious, and other construction where an architectural focal point is derived from glass and metal aesthetics. Founded in 1986 in Columbus, Texas, by brothers Rusty and Scott Theut and their father Stan, the company was acquired by DGI in December 2020.
Bryan Huber and Michael Soleimani of SAB Capital represented the tenant in the 17-year absolute NNN sale-leaseback. Washington Federal Bank provided acquisition financing for the venture.