DWG Capital Partners (DWG), a fully integrated Los Angeles-based commercial real estate investment firm, has completed the acquisition of the M. Roberts Media (MRM) headquarters and industrial production facilities in Longview, Texas, from MAG Capital Partners.
Totaling 124,417 square feet, the properties are located in Longview’s central business district at 320 E. Methvin St. and 325 E. Tyler St. and are fully occupied by M. Roberts Media.
The acquisition is the second DWG has completed in Texas this year, as it continues to pursue investment in key industrial sectors situated in well-located markets.
“Despite the pandemic, we have identified markets which continue to thrive, and M. Roberts Media stands out among companies that have successfully adapted in a rapidly evolving environment,” said institutional real estate veteran Judd Dunning and DWG founder.
MRM, a diversified media and marketing solutions company, was founded by Morris Roberts in 1942 with the purchase of one local newspaper. In June 2021, Roberts was inducted into the Texas Newspaper Foundation Hall of Fame and the family-owned company was celebrated for advancing a legacy of a free and responsible press. The honor follows the pandemic-driven expansion of its Digital Division, PR service and commercial printing operations.
The properties are situated in an Opportunity Zone and have an additional developable parcel, which opens a secondary strategy for DWG Capital Partners to explore.
DWG Capital Partners is in the midst of an aggressive expansion to acquire $250 million in Assets Under Management over the next three years as part of an overall strategy to maximize returns and minimize risk for investors while accommodating integration and growth within the highly specialized light industrial sector.
Dugan Kelly, managing partner of Kelley Clarke PC, represented DWG Capital Partners in the transaction.
